CNBC | Oil back at $95 - but only in 24 years' time: OPEC CNBC Oil prices will take decades to recover and will still not reach the peak seen in recent years, according to the latest World Oil Outlook (WOO) from OPEC. In the group's latest outlook on supply, demand and prices to 2020 and 2040, OPEC predicted that ... OPEC Report Suggests Oil-Price Rebound, Supply Cut Oil prices will reach $70 a barrel by 2020, says Opec OPEC sees oil rebounding to $70 within five years |