The price of Brent oil continues to fall heavily, and experts are of the opinion that it will take at least 3 years for the market to recover.
This year, the cost of the resource is unlikely to exceed 42$ per bblThe reason is that OPEC countries do not comply with the agreement in full, many countries have significantly replenished their reserves with summer cheap oil, and so far do not show much demand at current prices.
In addition, the end of the pandemic is still out of the question, so oil consumption in strategically important countries continues to decline. While the bearish euphoria may continue up to 37$, where a rebound is likely.
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