Price of oil will fall even below than today's level of $84 for barrel of Brent and $80 for WTI barrel and the cause is at once some objective reasons, - the analyst of Sberbank CIB Valery Nesterov told in conversation with the correspondent of "the Vestnik Kavkaza", commenting on next "anti-record" of the oil which was going down lower then $80 for barrel at today's auction. "A decrease bottom, by my assessment, is within $75-80. I will emphasize that it isn't seen anything catastrophic in it , and by the end of the year oil still can rise. Nevertheless, it is necessary to recognize that, on the one hand, there is a market consensus, that next year the price will be somewhere $90-100 for Brent barrel, and on the other hand, now so many factors influence pricing that more or less exact forecast is simply impossible. It is about fundamental factors and factors of supply and demand", - Nesterov told.
Price of oil will fall even below than today's level of $84 for barrel of Brent and $80 for WTI barrel and the cause is at once some objective reasons, - the analyst of Sberbank CIB Valery Nesterov told in conversation with the correspondent of "the Vestnik Kavkaza", commenting on next "anti-record" of the oil which was going down lower then $80 for barrel at today's auction.
"A decrease bottom, by my assessment, is within $75-80. I will emphasize that it isn't seen anything catastrophic in it , and by the end of the year oil still can rise. Nevertheless, it is necessary to recognize that, on the one hand, there is a market consensus, that next year the price will be somewhere $90-100 for Brent barrel, and on the other hand, now so many factors influence pricing that more or less exact forecast is simply impossible. It is about fundamental factors and factors of supply and demand", - Nesterov told.
