BP assumes average oil price in next two years of $55-60

The chief executive officer at BP, Robert Dudley, has given his outlook on the oil prices during the next two years.

According to him, in 2017-2018 the oil price will be about $55-60 per barrel, Bloomberg reports.   As of 14:15 (MSK), the price of March futures of Brent crude oil rose 1.22% to $56.54 per barrel. February futures for WTI rose 1.39% to $53.10 per barrel.