IMF Sees Oil Prices Averaging $50 In 2021 ...Middle East

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IMF Sees Oil Prices Averaging $50 In 2021
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Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019, the International Monetary Fund (IMF) said in its World Economic Outlook Update on Tuesday.   In the October update, the IMF had expected oil prices—which it calculates at the simple average of the prices of Brent, Dubai Fateh, and West Texas Intermediate crude—to average $46.70 a barrel in 2021.   The average price of oil was $41.29 per barrel in 2020, while the IMF sees the average…

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