Oil read growth to $150 per barrel

Already in the coming years, oil can rise in price three times. Its cost can reach $150 per barrel. Such forecasts are made by analysts polled by The Wall Street Journal. See also: The price of Brent oil fell sharply to $42 So, Richard Fullarton from the investment fund Matilda Capital believes that oil prices will cross the $100 per barrel mark by the end of 2020. Experts attribute such growth to a reduction in oil production and a decrease in investment in the industry. The underfunding pressure will be very serious. It will be really difficult for some producers to continue production, emphasizes Trevor Woods, investment director at hedge fund Northern Trace Capital. According to his estimates, the bar of $150 per barrel can be easily reached by 2025. According to the news agency, trading on oil on July 9 ended in a decrease. A barrel of Brent crude oil fell by 2.11%, to $42.35. On July 10, at trading in Asia, oil fell 0.82% to $42.01.