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Main » 2016 » January » 4 » Oil: gloomy outlook for 2016
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Oil: gloomy outlook for 2016
 
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 Forecasts for oil for 2016 do not look favorable

 

 

Founder and Head of the analysis of energy markets OPIS Tom Klose offered a gloomy forecast for oil prices in 2016. 


As predicted Clos, crude oil futures for WTI, traded on the New York Mercantile Exchange reached a cost of $ 32 per barrel.


December 31, 2015, the last trading day of the year, the price of WTI crude oil was at $ 37.76, or 3.6% higher.TI losses amounted to 30% of its value in 2015, and the cost of Brent crude oil fell by 34%.


But Tom Clos excluding in their predictions fall in oil prices to $ 20 per barrel, although the prospects of "black gold" in 2016, he described as "very grim."

 

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