US Forecast Predicts Gradual $5 Oil Price Rise After OPEC Output Cutback
![US Forecast Predicts Gradual $5 Oil Price Rise After OPEC Output Cutback](https://cdn4.img.sputniknews.com/images/103967/65/1039676520.jpg)
Cuts in oil production announced by the Organization of the Petroleum Exporting Countries in November will help lift per-barrel prices from about $49 in January to $55 by the end of 2017, according to a US Energy Information Administration press release on Friday.