The price of the American benchmark WTI for the first time for the year exceeded the price of European benchmark Brent amid reports of unexpected decrease in U.S. inventories. American standard European cost cheaper all the time since 2010, except for November of last year.
MOSCOW, 23 Dec. World oil prices continue to rise, the price of the American benchmark WTI exceeded the price of European benchmark Brent after the announcement of the American petroleum Institute (API) about unexpected reduction of stocks in the U.S., according to AFP.
What will happen to oil prices in 2016?
- Will collapse to $ 20 per barrel
- Will remain at around 30-35 dollars
- Edge up to 45-50 dollars
- Soar to 90-100 dollars
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