PIMCO thinks about oil? - 13 October 2015 - free no deposit forex bonus
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Main » 2015 » October » 13 » PIMCO thinks about oil?
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PIMCO thinks about oil?
 
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Oil may rise to $ 60 per barrel on the segment next year by a decline in stocks of raw materials - Materials AMarkets.

 

AMarkets

 

Day release of oil, according to Sharenow (vis Newsmax), is now less than 440 th. Barrels compared to the maximum last 4 decades at the level of 9.61 million barrels that took place in June. In addition, in late 2014 and early 2015 the US shale miners have significantly reduced the number of active rigs producing almost half of the levels that occurred prior to the drawdown in oil prices. Oil prices in London and New York dipped to 6-year low in August - a factor that significantly affected the company's plans to compression of production. The feature of the oil market is that this segment is much faster than other primary industries such as copper or aluminum rebalance supply and demand, adjusting to the changing market realities.


Last week, oil prices have started to show growth. Index Upstream North American region - Bloomberg Intelligence index of North American exploration and production companies - grew by 34%, if you count from August it reaches the oil 6-year-old anti-record. 
According to the research team PIMCO, oil and metal prices have reached a level that actually it locks in a level of support, without giving assets to fall below.

 

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