Oil forecasts for the End of the Year

According to analysts, oil prices may rise by the end of the year. The main reasons are a possible increase in demand against the background of the global economic recovery and limited supply from key manufacturers. Fundamental factors such as declining oil reserves and political tensions in producing countries also support this forecast. Technical analysis confirms the bullish scenario, showing a steady upward movement. Investors should keep an eye on OPEC news and changes in the global economy.