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Price of oil might rise to $ 190 a barrel

Price of oil might rise to $ 190 a barrel
Price of oil might rise to $ 190 a barrel

The energy crisis has led to rising crude oil prices. Analysts predict that oil prices will increase to $ 100 a barrel in the near future.

According to the forecast of JPMorgan, the price of oil increased by 64% this year and reached a multi-year high. In addition, in the last six months, natural gas prices have doubled and reached a seven-year high. The situation is similar when it comes to the value of coal.

The imbalance of supply and demand in the market is one of the main reasons for the increase in the value of raw materials.

Against this background, Moody's Analytics experts expect that by 2022 the price of oil will rise to $ 80-90 per barrel.

JPMorgan predicts the most dramatic scenario of price growth. The company's experts believe that the price of crude oil in 2025 could rise to 190 USD per barrel.

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