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Main » 2016 » February » 3 » Positive outlook for oil
11:51
Positive outlook for oil
 
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The legendary guru segment Energy and investor T. Boone Pickens predicted that oil prices will double in price in the segment next 12 months - based on AMarkets.

 

AMarkets

 

Forecast of Pickens - oil will rise to $ 52 per barrel by the end of the year.America is still slowly creates stocks of crude oil and will do so a couple of months at most. Then stocks start to dwindle. And while Pickens is convinced that as soon as inventories will be consumed, the states will no longer recreate them. These reserves will be exhausted in the next few months interval. The excess supply of oil on the market at the moment, by the way, not so great - about 1-1.5 million barrels per day - it's not much. For example, in the 1980s there have been episodes when excess oil is about 15 million barrels a day.

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