S&P downgraded its price forecast for Brent crude in the coming years

S&P downgraded its price forecast for Brent crude in the coming years


Moscow. 2 February. International rating Agency Standard & Poor’s downgraded the forecast of crude oil prices.

Analysts expect the Brent oil price during the remainder of the current year will on average cost $40 per barrel, according to a press release from S&P.

The following year, by their estimate, rates will be $45 per barrel in 2018 and beyond – $50 per barrel.