(MENAFN) Latest reports showed an expected rise will be in Brent crude oil prices to an average 42 barrel and will rise up to 52 a barrel in 2017.
According to The short-term energy outlook of the US Energy Information Administration (EIA), crude oil prices will be slightly less than Brent in 2016 and will be the same as Brent in 2017.
Additionally, the report said: 'Contracts traded during the five-day period ending August 4 suggest the market expects WTI prices could range from 29 a barrel to 61 a barrel in November 2016.'
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