Forecast: oil prices will fall to the lowest level

Oil prices are falling and will fall

In brief: Closure of yesterday's trading of oil was an omen of a new collapse of the prices of black gold.

Oil prices remained under strong pressure from the bears. Stock market crash yesterday did not give chances to the rapid growth of oil. The beginning of the week, as a whole, were disastrous for the oil.

Almost all the buyers covered short positions in the auction for the black gold yesterday. Many investors do not believe in oil because of nevosstrebovannosti energy to major markets – the U.S. and Eurozone. Analysts forecast the company Open Knowledge: prices for oil snizyatsya to a record low – 45 dollars by the end of September 2010.

Ukrainian Globalist
2010-06-30 07:06, Commodities.

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