Banks once again lowered its forecast for oil prices
The third consecutive month the banks lowered forecasts on oil prices, doubting the duration of the current reduction of stocks, according to Dow Jones referring to The Wall Street Journal.
Excess oil reserves for three years to put pressure on prices in recent weeks began to decline due to rising demand in the US and reduce the Organization of Petroleum Exporting Countries production (OPEC). However, some analysts believe that the decline in stocks may end later this year, as the US continues to increase production.
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