International Crude Oil Price Analysis and Projection in 2018

In 2017,with the recovery of the world economy and the effect of the reduction agreement led by OPEC,the international crude oil market continued to rise in the second half of the year. In 2018,oil prices will continue the trend of 2017. This article forecasts and analyzes the development of oil price trend in 2018 from the perspective of the global economic situation,fundamentals on supply and demand,the dollar exchange rate,geopolitical risks and so on. Taking into account the positive and negative effects of oil price fluctuations,with the situation of the current global economic situation,international crude oil supply and oil price developments,oil prices will be relatively stable in 2018,and there will be a sharp ups and downs in the whole year or so. However,as a whole,it will maintain the upward trend. It is estimated that average crude oil price in Brent and WTI will reach 54~64 USD/barrel and 52~62 USD/barrel.