BP CEO gives oil price forecast for 2018

The current price of oil of $69 per barrel is somewhat high, BP CEO Bob Dudley said at the World Economic Forum.

Dudley noted that the company's experts predicted decline in oil prices. "We expect the price of $55-60 per barrel in 2018," he said.

The International Monetary Fund earlier revised up its forecast for oil prices for 2018 to $ 59.9 per barrel.