Oil will not go above $ 50 - 24 November 2016 - free no deposit forex bonus
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Main » 2016 » November » 24 » Oil will not go above $ 50
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Oil will not go above $ 50

 

Oil will not go above $ 50
Goldman Sachs predicts oil supply deficit for the entire second half of next year- AMarkets materials.

 

 

AMarkets

 

The members of the OPEC cartel agreed to reduce production to 33 million barrels of oil per day. This agreement can come into force from the start of 2017. So far, OPEC extracted raw materials to the maximum. Therefore, at the beginning of next year should not expect an overabundance of oil at the level of 700 thousand barrels per day -. Goldman suggest experts. However, in the second part of 2017 oil demand risks being higher than the offer. However, despite these expectations, the bank lowered its forecast for oil. In the third and fourth quarters of next year is expected to WTI price to $ 50 from $ 55-60 earlier forecasts. One of the probable reasons - producers will cut prices as part of their dumping policies and the desire to keep / win market share. The price level of about $ 55 - a point, after which most of the manufacturers will significantly increase oil production.


Schedule - Global oil demand minus the global offer (thousand barrels per day.)

 

 

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