JP Morgan has adjusted its forecasts for rises in Brent oil prices by $3 per barrel in 2015 and by $10 per barrel in 2016. The bank expects the average price to reach $62 in 2015 and $72 in 2016, Trend reports.
WTI oil, according to JP Morgan's predictions, will hit $55 per barrel in 2015 and $64 in 2016. The reduction of oil extraction in non-OPEC states will force prices to go up.
In the long run, Brent oil prices may reach $90, and WTI – $80.
