The World Bank (WB) has revised its forecasts regarding oil prices for the worse, the quarterly report of the Commodity Markets Outlook reports.
According to experts, a basket of varieties of Brent, Dubai and WTI with equal weight in 2016 will be sold for around $37 a barrel rather than $52 per barrel, as had been expected in October. The change in the forecast is affected by several factors, including a more rapid restoration of oil exports by Iran after the lifting of sanctions, Interfax reports.
