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World Bank revises upwards energy-price forecasts for 2017

It expects crude oil to reach US$55 a barrel by next year, in line with analysts' projections

Published Fri, Oct 21, 2016 · 09:50 PM

Tokyo

THE World Bank has raised its 2017 forecast of the price of a barrel of crude oil to US$55 a barrel, up from this year's US$53.

It also expects a "solid rise in energy prices led by oil" next year, it said in the latest edition of its Commodity Markets Outlook report.

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