Oil forecast for 2017.

Recently, oil has become one of the most unpredictable assets, its price is either rapidly falling or regaining lost positions.
The importance of the oil price indicator is simply invaluable, since most exchange instruments have a close correlation with oil.

The economies of most world powers and the development of many sectors of the economy depend on the cost of black gold.

What will be the forecast for oil prices in 2017?

If we evaluate the current trend, most factors indicate a rise in oil prices.

The analytical company BMI Research also confirms the upward trend for 2017; according to forecasts, the price of oil will rise to $60 per barrel.

The trend will continue and reach $64 per barrel in 2018.
There are two reasons for the favorable forecasts, the first of which is the OPEC countries' agreement to reduce production volumes. The second reason can be called the previous maximum price of $115, which is still quite far away.

A stable trend is always a great opportunity to make money. Read about how to trade oil - http://time-forex.com/vopros/prodavat-pokupat-neft