IMF: Oil prices to drop to $50/ bbl in 2017-2018

In its World Economic Outlook report published on Tuesday, the International Monetary Fund (IMF) revised lower its oil price forecasts for 2017-18.
Key Points:
Expects global oil prices at around $50 per barrel, down from its April projection of $55 per barrel
In 2016, the average oil price amounted to $42.84 per barrel. The IMF expects it to reach $50.28 in 2017, and $50.17 in 2018
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















