Forecast: Oil prices continue to drop confident

Forecast for oil prices remains negative

In brief: Oil prices will fall substantially in a volatile world economy and the beginning of the second wave of the crisis.

Forecast for oil prices is not always justified … The price of oil in the next three years will fall to 60 dollars per barrel. This forecast was voiced by Deputy Prime Minister, Russian Finance Minister Alexei Kudrin at the conference Renaissance Capital in Moscow. “We will be back in the next 3 years to have a reduction to 60 dollars, and I am sure that is possible and more. This is my prediction based on available intelligence “- he said.

“We will have to be 60 dollars more than six months. The risks to our economy must be taken into account. The price of oil is volatile, and this is our country is an important moment “- he added. One of the key factors determining the future decline in oil prices, Kudrin believes the imminent start increasing rates refinancing leading central banks in the world. Now the price for Urals grade oil is 75.8 dollars per barrel.

Ukrainian Globalist
2010-06-29 22:43, Commodities.

News on: , , , , , , , , ,

Post a comment