ING predicts oil price of $ 57 by the end of the year

Dutch bank ING forecasts a barrel price of $57 in the second half of this year. According to the financial institution, there is a risk that oil will fall below $60 a barrel as a result of an increase in exports from the US to Asia.
It is very likely to initiate a split between the OPEC agreement to cut production, experts from the Dutch bank said.
The fact that, in an environment of decline in production by OPEC and Russia, the US is increasing its production and exports to Asia, it may lead to some OPEC countries starting to retreat from the agreed production constraints.
And this could lead to a depreciation of oil, which added more than 40% since June last year.