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Main » 2016 » January » 29 » Oil is not so bad - expert opinion Deutsche Bank
Oil is not so bad - expert opinion Deutsche Bank

Now everyone thinks that oil prices are very low. In the middle of the week, for example, WTI was trading around $ 30.60 a barrel and Brent - about $ 31.45 - based on AMarkets.




According to Jim Reid of Deutsche Bank, the oil is not as bad as it seems, if you look at the historical data in the dynamics. From 1861, the average price per barrel was kept at around $ 47. Current prices for oil is still low, but not extremely low - sums up the expert.


Schedule - the average oil price in 1861:

Prices, which can be found a few years ago (about $ 140) - this is something like a bubble. The expert suggests that the bearish cycle of the raw materials market can be unpredictable long. The market will look for a long time in terms of fair prices for commodities. Too much volatility in the global economy. Too many negative factors put pressure on the real economy and its real assets such as commodities. That As for the idea that the current oil prices - it's not extremely cheap - not all market participants agree with that. Many say that at different times the price of oil was different. Now the cost is quite high, as the most accessible oil has already been extracted for a long time. Appreciation of production over time - a factor that should not be taken into account.




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