Deutsche Bank: Brent oil price to reach $60 by October

Deutsche Bank analysts predict the average price of Brent crude in the first quarter of this year at $55 per barrel, Report informs referring to ngv.

In the second and third quarters, Brent oil prices will be around $60 per barrel.

In October-December this year, they will rise to $65 per barrel.

WTI oil is expected to cost $52 per barrel on average in January-March, $57 per barrel in April-September, and $62 per barrel in the last quarter of this year.

According to forecasts, in the next 6-12 months, oil prices may jump to $100 per barrel or more amid an improvement in the credit balance.

The cost of a barrel of May futures for Brent oil on March 17 amounted to $67.71 (+0.99 percent) during the day. A barrel of April futures for WTI crude was traded at $64.31 (+0.76 percent).