There is a prediction for oil to have a value of $100

06.07.2021

Maintaining oil production within the OPEC+ agreement at current levels may provoke a rise in prices up to $80-100 per barrel.

It is noted that the rise in prices may continue against the background of the continuing deficit of oil supply in July at 2.3-2.5 million barrels per day.

According to Andrey Polischuk, an analyst at Raiffeisenbank, if OPEC+ does not decide to increase oil production, and demand continues to grow, then prices will probably rise even higher.