IMF predicts oil price plunge to $50 in 2017-2018
07:56, 11 October 2017
WASHINGTON. KAZINFORM The International Monetary Fund said it expects global oil prices at around $50 per barrel, down from the April projection of $55 per barrel, according to the World Economic Outlook report published Tuesday.
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, the report reads.