16:00 - 18.02.2021

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February 18, Fineko/abc.az. US banks JPMorgan Chase & Co. and Goldman Sachs predict that oil prices will rise up to $100 a barrel.

ABC.AZ reports economists believe that a new "super cycle" in the commodity market will begin when the effects of the pandemic are reduced.

"In the coming years, our demand for oil will increase first, and the supply will not meet the demand. But then we won't need oil. It is expected that a barrel of oil will be worth $100 or more during this period," said Christian Malek, head of oil & gas office at JPMorgan.