The price of oil has risen to its highest levels in more than 7 years. Brent crude exceeded $ 87 a barrel, which had not happened since late 2014. Experts predict that the price will continue to rise. The specific reason for the current increase was the drone attack carried out by the rebels in Yemen against facilities in Abu Dhabi. Despite assurances from the United Arab Emirates that it will not disrupt supplies, traders are worried about new such attacks. The reasons for the rise in global prices are the expected high demand for oil in the summer, against the background of low stocks in storage. Added to this are mining problems in Ecuador, Libya, Nigeria and Kazakhstan.
“Our forecasts have been stable for several years. We predict that next year the price of oil will be over 114 dollars per barrel. This is an average price on an annual basis, but as a peak we can see 120 dollars. Other analysts even predict a significant increase in 2022, but our models suggest growth will be later, “said Amrita Sen, founder of analytics company Energy Aspects.
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