Oxford Economics: Brent oil price at $33.8 in 2020, $45.5 in 2021

LONDON, Mar 31 (PRIME) -- The average Brent oil price will amount to U.S. $33.8 per barrel in 2020 and will rise to $45.5 per barrel in 2021 thanks to recovery of the global economy and rising demand for the commodity, Oxford Economics said late on Monday.

Saudi Arabia will increase crude production and sales sharply in 2020 and January–June 2021, the agency also said.

End