12:54 - 10.02.2021

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February 10, Fineko/abc.az. The U.S. Energy Information Administration has released a forecast on oil prices for 2021.

ABC.AZ reports that according to the forecast, the average price of Light crude will be $50.21 in 2021 and $51.56 per barrel in 2022.

For comparison, the forecast for the past month says about $49.70 and $49.81 per barrel for 2021 and 2021 respectively.

The Department also released a forecast on the daily oil production in the U.S. for 2021. This year's oil production in the U.S. is expected to be 11 million barrels.