Oil price may rise to $120 soon

02.11.2021

By the summer of 2022, the price of Brent crude will rise to $120 per barrel, analysts promised.

Analysts stressed that the global energy crisis, which spurred coal and gas prices, has already accelerated the growth of oil futures on the New York and London stock exchanges. The rally will continue next year and will be supported by strong demand for gasoline, diesel and kerosene.