Oil forecast for 2017.

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

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

What will be the forecast for oil prices in 2017?

If we evaluate the current trend, then most factors point in favor of rising oil prices.

Analytical company BMI Research also confirms the upward trend for 2017, with forecasts for oil prices to rise to $60 per barrel.

The trend will continue and reach $64 per barrel in 2018.
There are two reasons for the favorable outlook. The first is the OPEC agreement to reduce production. The second is the previous price peak of $115, which is still quite a ways off.

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