Oil, natural gas, coal price will see 20% rise in 2018, says World Bank

Business Today | 26th April 2018

If you think the rising trend in oil prices is going to stop anytime soon, think otherwise. A recently released World Bank report, the April Commodity Markets Outlook, says the year 2018 will see 20 per cent jump in oil price, natural gas and coal prices. Oil prices alone are forecast to average $65 a barrel, registering $12 a barrel rise from the average price of $53 a barrel in 2017. The crude oil prices have recently touched whole new high of over $75 a barrel, leaving a dent on India’s current account deficit. On Thursday itself, Brent crude oil was at $73 a barrel mark…

Source:https://www.businesstoday.in/current/economy-politics/crude-oil-natural-gas-coal-price-will-see-20-pc-rise-in-2018-world-bank/story/275701.html

2018-04-27T10:28:37+00:00 April 26th, 2018|Uncategorized|