Azerbaijan, Baku, 18 July/ Trend , corr A. Badalova/ According to the forecast of the International Monetary Fund (IMF), the oil prices will make up $116.5 a barrel in 2008 and $125 a barrel in 2009. Earlier, IMF forecasted $112 a barrel in 2008 and $116.25 in 2009.
The report of IMF Prospects of Development of World Economy posted in its website, the tendency of price rise in the oil market shows the slower reaction of supply under conditions of restricted reserve capacities at the moment of revival of world economy.
The report said that there will be standstill in the oil production as further drop off in the output in the current fields will compensate small out by new capacities.
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