The Bank of Russia raised its baseline forecast for oil prices in 2018-2020

© RIA Novosti / Ilya Petliurite in photobacteria oil. Archival photoThe Bank of Russia raised its baseline forecast for oil prices in 2018-2020© RIA Novosti / Ilya Petliurite the image Bank

The Bank of Russia raised its baseline forecast for oil prices: in 2018 the oil price is expected to reach $ 69 per barrel in 2019 — $ 60 per barrel, and in 2020 at the level of 55 dollars per barrel, to the regulator’s report on monetary policy.

In the last report the controller was laying in the baseline scenario in 2018, the price of oil at 67 dollars per barrel in 2019 will be $ 55 in 2020 — $ 50 per barrel.

Earlier Friday, the head of the regulator Elvira Nabiullina said that the Bank of Russia in the baseline scenario forecasts a gradual decrease in oil prices to $ 55 per barrel in 2020-2021 years.

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