Analysts have admitted falling oil prices WTI to $ 10 – Interfax

This scenario is realistic because of rising threats storage deficit in the US, according to the BMI Research

Photos: panthermedia / vostock-photo

Moscow. 16 February. INTERFAX.RU – Falling oil prices of WTI to $ 10-20 per barrel is a realistic scenario due to the threat of oil storage tanks deficit, as the demand for oil in the US may decline faster than production, according to a survey BMI Research

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According to experts of the company, the narrowing of spreads between oil futures and contracts for oil in the US will continue to weigh on demand from refineries (refinery) in the first quarter, the agency reported <-! noindex -> Bloomberg

Planned maintenance work on the refinery aggravate growth stocks at Cushing terminal, which stores the physical volumes traded on the NYMEX crude oil

Although the recovery spread between quotations for Brent and WTI. this year makes US brands more competitive, to prevent overstocking of storage tanks require more substantial changes in the balance of imports and exports, according to the BMI report.

Quotations April futures for Brent crude on London’s ICE futures exchange to 14:51 MSK rose $ 0.45 (1.35%) – up to $ 33.84 per barrel

the contracts for WTI for March in electronic trading on the New York Mercantile Exchange (the NYMEX) this time went up. to $ 0.35 (1.19%) – up to $ 29.79 per barrel

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