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ZHAO Lutao, SUN Luyi, ZHENG Zhiyi, WANG Daisong, TANG Baojun. International Crude Oil Price Analysis and Projection in 2020J. Journal of Beijing Institute of Technology (Social Sciences Edition), 2020, 22(2): 26-30. DOI: 10.15918/j.jbitss1009-3370.2020.7327
Citation: ZHAO Lutao, SUN Luyi, ZHENG Zhiyi, WANG Daisong, TANG Baojun. International Crude Oil Price Analysis and Projection in 2020J. Journal of Beijing Institute of Technology (Social Sciences Edition), 2020, 22(2): 26-30. DOI: 10.15918/j.jbitss1009-3370.2020.7327
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International Crude Oil Price Analysis and Projection in 2020

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  • The international crude oil prices rose slightly at the beginning of 2019. Then the excess supply pushed down the price and it kept fluctuating between low and medium levels. Looking forward to 2020,the international crude oil prices will be influenced by the global economy,supply and demand,the dollar,the gold,future market and geopolitics. It is expected that the price difference between the Brent and WTI markets will be significant in 2020. The annual average price of international crude oil will not increase significantly,and the daily operation will continue to fluctuate. The average price of Brent and WTI crude oil will reach 61-71 USD/barrel and 53-63 USD/barrel.
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