The World Bank believes that oil will close at 37 dollars / barrel this year, down by 27% compared to the end of 2015, writes Reuters. The optimism that came from the World Bank has slowed the initial estimation for 2016, being by 14 dollars higher.

Among the causes of the prices depression, consist the emerging economies are weak demand, OPEC overproduction, the return of Iran in the oil transactions, and the mild climate in the developed countries. The chief economist of the World Bank believe that low levels of oil and other raw materials “could accompany us for a certain period”.

The quotations benchmark for the major markets, Brent and WTI have gravitated in recent days between 28 and 30.5 US dollars / barrel. The World Bank experts expect a gradual recovery in oil prices during 2016 but it is a smaller recovery than in previous years that followed the significant declines, including 2008, 1998 and 1986.