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The British investment bank Barclays lowered its forecast for crude oil prices in late 2018, but stressed that supports the optimistic attitudes of the raw material. The analysts expect the European benchmark Brent crude to be traded at price of 67 USD per barrel at the end of next year, against previous forecast for 77 USD per barrel.

“We maintain a bullish stance since this price is still 10% above the curve of futures”, the Barclays.

The bank left its forecast for the average price of Brent oil in 2017 unchanged at 57 USD per barrel. In the second quarter of this year, experts expect this sort of oil cost an average 62 USD per barrel.

British bank expects US light crude oil WTI cost an average of 56 USD per barrel in 2017 and 65 USD per barrel in 2018.

