Banks foresee more expensive oil in 2018 – but a turnaround late in the year

Overall, analysts expect a slight increase in the oil price starting next year.

Photo: Nabil al-Jurani

A barrel of oil cost less than USD 30 two years ago and now the price of the commodity has more than doubled.

This same development should not be expected in 2018, according to analysts, who generally expect just a slight increase in 201.

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