It is not sure whether crude oil supply is decreasing, but crude oil prices are definitely on the rise. WTI Crude Oil is currently at $105.13 a barrel, with a 0.41% increase, while Brent Crude Oil is at $122.32 with a 0.28% raise. Geopolitical changes in the Middle East will continue to affect prices, unless alternative pipes are put in place.
For the coming year the forecast is not very promising. Crude oil prices have already increased in the first quarter of the year and it is going to maintain an average of $ 121, which is high compared to the previous year.