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World Bank forecasts oil price at $53 a barrel in 2015 — report

April 01, 2015, 15:36 UTC+3
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MOSCOW, April 1. /TASS/. The World Bank forecasts average annual oil price at $53 a barrel in 2015, the organization said in its Russia Economic Report Wednesday. This is higher than the $50 a barrel implied by the Russian budget and forecasted by the country’s Economic Development Ministry.

The Bank of Russia projects $50-55 a barrel oil price in 2015.

Infographics Oil prices over 30 years Oil prices over 30 years
Year-average inflation-adjusted oil price. Infographics by TASS

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