Bloomberg Forecast Sees $5 a Barrel Oil Price

The Bloomberg agency conducted a survey among oil traders regarding the situation with falling oil prices in the world.

According to the data received, 18 out of 20 respondents allow the price of Brent to drop to $ 20 per barrel or lower, and WTI prices may fall to the range of $ 3-5 or lower.

According to traders, the situation with falling oil prices may last until the end of the year. During the trading hours on Friday, March 20, April futures for WTI crude oil rose 4.44% to $ 26.34 per barrel.

Futures for Brent crude for May delivery rose 3.58% to $ 29.49 per barrel.

Johnny Thompson

Johnny Thompson is a senior reporter for Generator Research in Los Angeles, reporting on technology, business, finances, and more. He previously worked as a reporter for the Wall Street Journal and got his start at newspapers in New York, Connecticut and Massachusetts.

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