Prices of Brent crude oil before the end of the year will be in the range of 110-130 dollars per barrel. However, not excluded, and surges up to 135-145 dollars With such forecast made by analysts Forex Club in Ukraine, experts note that the tense situation in the Middle East adds uncertainty oil market, but recent quotes are being more determined by the imbalance between supply and demand. Support for oil prices and has a positive macroeconomic statistics from the U.S., indicating fairly intensive reconstruction of the world's largest economy. In addition, during the second quarter in the United States has traditionally substantially increased demand for gasoline due to the beginning of the holiday season. "Consumption of many goods in the world, including oil, has already exceeded pre-crisis levels, mostly due to significant demand from developing countries - China and India. This again makes it possible growth of quotations of Brent crude oil in the current year up to maximum levels that were reached in 2008 - 135-145 dollars per barrel, 9,8-17,9% higher than current levels. Such jumps in oil prices are likely to be periodic. High levels of oil prices are unlikely to hold more than two months, and will alternate with periods of decrease ", - notes Nikolay Ivchenko, head of information-analytical center of Forex Club in Ukraine. As reported by Information and Analytical Center Forex Club in Ukraine, the IMF's baseline forecast assumes oil prices of Brent by the end of 2020 to 366 dollars per barrel, the pessimistic forecast - up to $ 800 per barrel.
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