Free no deposit Bonus Forex
Friday, 22.09.2017, 21:54
Welcome Guest | RSS
 
Main RegistrationLogin
Site menu
Login form
Make money on Fore
FreshForex bonus
Statistics

Total online: 1
Guests: 1
Users: 0
RoboForex bonus
...
Main » 2016 » January » 12 » Forecast Morgan Stanley: oil may drop to $ 20 per barrel
10:16
Forecast Morgan Stanley: oil may drop to $ 20 per barrel
 
article19945.jpg

According to analysts of Morgan Stanley, the rapid growth of the US dollar could push Brent crude oil to fall below $ 20 a barrel.

 

 

If the US currency will add to its value of 5 per cent, oil could drop by 10-25 percent, according to a research note from Morgan Stanley on January 11.


"Taking into account the further strengthening of the US dollar, the price of oil close to $ 20- $ 25 per barrel is indeed possible", - analysts write in a report. "US currency and not the fundamental factors continue to put pressure on oil prices."


Since the beginning of this year, the reference mark of Brent crude has fallen more than 11 percent. Last week, the volatility of markets in China has caused a sharp drop in energy prices. The growth of the dollar by 3.2 percent - which could be followed by the devaluation of the yuan by 15 percent - could push oil prices to fall to the level of $ 20 per barrel.


On Friday, the London Stock Exchange ICE Futures Europe Brent crude closed at $ 33.55 per barrel, which is the lowest since June 2004. On Monday, the price of oil fell by 1.6 percent to $ 33.03. Oil reserves Morgan Stanley analysts are not the first who predicted the fall of the value of up to $ 20 per barrel, however, the reasons for such a sharp drop differ. Goldman Sachs Group Inc. He argues that oil could continue to fall amid rising raw material stocks.



 


According to the Energy Information Administration, US reserves of crude oil in the terminal Cushing, Oklahoma, showing growth ninth week in a row and has already reached the level of 63.9 million.

 

A source

 

Views: 278 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Search
Forex Brokers
no deposi binary
Calendar
Entries archive
Our poll
Rate my site
Total of answers: 39
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright Bonus-FX.com © 2017-2012
    Website builderuCoz