JP Morgan expects oil prices to rise in the first half of 2018

29 Jan 2018 09:01 AM

JPMorgan expects global oil prices to continue rising in the first half of 2018, approaching $ 78 a barrel in the first quarter or by the beginning of the second quarter of this year.

The bank attributed these expectations to the OPEC supply curbs agreement, which played a major role in the decline in oil supply.

As for the second half of the year, the Bank's experts expect prices to see some declines against the background of the flow of US rock oil and other unconventional oils.

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