The World Bank improved the forecast for oil prices in 2017 to $ 55 per barrel from the previous forecast of $ 50, which was published in June 2016.

"As soon as the excess oil expected to gradually decline, oil prices are projected to increase to $ 55 per barrel in 2017. It is better than expected in June, when the price of oil for 2017 projected to reach $ 50 per barrel ", -. according to a World Bank report.