The average price of the Brent oil in 2016 will make $46.5 dollars per barrel , said BMI analysts, reports RIA Novosti. Thus, the forecast of the company’s oil price improved by 16 % in comparison with the previous forecast of $ 40 per barrel . The analysts also consider it possible that by the end of this year, oil prices of both brands will achieve $50-60 per barrel.

The company expects that the market will grow in the next 3-6 months . The optimism of the company is based on the expectation of the reduction of oil supplies from non-OPEC countries , as well as the reduction black gold’s supplies in the United States . The forecasts for Brent’s and WTI’s average prices of oil for 2017 makes $ 57 per barrel. Previously, the company expected them to be at around 53 dollars per barrel. In 2020 , according to the forecast , the average price of the Brent oil will cost $ 71 per barrel, whereas the average price of the WTI oil will reach $72.  In June, OPEC countries will discuss about possibilities of “frozening” the level of oil production. If such a decision is taken, it will spur the growth of prices for the black gold.

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