"Moody's" reduced its forecast for Brent crude to $ 55 a barrel in 2015

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"Moody's" reduced its forecast for Brent crude to $ 55 a barrel in 2015

Post  Admin on Sat Jan 17, 2015 9:06 am



Saturday 17 January 2015
| 08:56



Hover Brent and US crude oil prices around $ 50 a barrel in the last few days

Reduced agency "Moody's" expectation for the price of Brent crude in the spot trading to $ 55 a barrel through 2015, and $ 65 per barrel in 2016 to $ 80 in the medium term.

Moody's said in a statement that it cut its forecast for the price of West Texas crude oil the US mediator in the spot trading to $ 52 a barrel in 2015, and $ 62 a barrel in 2016 and to $ 75 in the medium term.

Hovering Brent and US crude oil prices around $ 50 a barrel in the past few days.

Oil prices have lost about 60% of its value since the middle of last year, after prices approached this week from the lowest level in 6 years.

The Moody's said in its report early last month that it expects Brent crude oil price of between $ 80 and $ 85 a barrel in 2015.

The continued drop in oil prices below its expectations will lead to a weakening of the supporting environment for growth in general in the end.


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