Crude oil prices to continue to increase next year

Crude oil prices to continue to increase next year

Analysts point out that world crude oil prices will continue to increase next year as OPEC agrees to cut production by 500,000 barrels a day.

Crude oil prices plummeted as demand fell due to the global coronavirus pandemic, however, with the introduction of several successful corona vaccines the price increased to US$ 50 a barrel last week

The world crude oil prices have increased by 40% in the past six weeks since the beginning of November.