• The World Bank upgrades its oil forecasts

Noticias del mercado

27 abril 2016

The World Bank upgrades its oil forecasts

The World Bank upgraded its oil forecasts on Tuesday. The lender expects the benchmark oil price to be $41 a barrel, up from its January estimate of $37 a barrel. The benchmark oil price includes prices for Brent, West Texas Intermediate and Dubai crudes.

The World Bank noted that the upward revision was driven by improving sentiment and a weaker U.S. dollar. But the lender warned that oil prices could decline again due to concerns over the global oil oversupply.

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