prices may return to $ 50 this year
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French resource analyst Pierre Andyuran who a year ago was significantly predicted the fall of oil prices to 25 dollars per barrel, announced the reversal of the trend and almost double the rise in prices this year. Quotations reached the bottom, the expert believes.
Photo: morguefile.com
Andyuran, which is the oil trader and founder insvestfonda Andurand Capital, expects rising prices for “black gold” in the next couple of years, reports Bloomberg.
“Low oil prices alternate high. I really think that the quotes (oil prices) hit bottom “- said the expert.
Andyuran predicts that in 2016 prices will rise to 50 dollars per barrel, and in 2017 – up to $ 70. In 2018, he believes, the quotations may reach $ 100.
As a general recovery factor of oil prices Frenchman named production decline in countries that are not members of OPEC (Organization of Petroleum Exporting Countries).
It should be noted that the oil market on Monday, shows a marked increase in prices. So, to the value of 07.50 MSK March contracts for Brent crude oil rose to 33.2 dollars per barrel, adding 1.1% to the closing level of the previous trading session. Light WTI crude oil traded near the 32.42 dollar, according to the London Intercontinental Exchange (ICE) /
According to analysts, market participants are inspired by the hope that the European Central Bank and the Bank of Japan will implement in the near future measures to stimulate the economy, which is able to raise the demand for fuel.
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