Oil goes to record? It was so expensive four years ago

Dodane przez: | 18 January 2018

Oil. Up to $ 60 a barrel – the price of oil goes on record. Fuel was so expensive lately in 2014, almost four years ago.

– The current situation contributed to this. Very unfavorable weather conditions in the United States, i.e. strong frosts. We are still dealing with an upward trend caused by OPEC’s production limitation and the countries that have joined the agreement. The latter factor is more long-term – says Roman Przasnyski, chief analyst Gerda Broker and adds. – Regarding the forecasts, it should be expected that the levels that are currently rather unlikely to be exceeded. Rather, prices will be lower during the year. Forecasts are usually diversified, but most predictions see crude oil prices ranging from $ 40 to $ 60. At the end of the day, an important factor may be the completion of the agreement on limiting production. If it is not extended, if it expires, in this case you can expect lower prices at the end of the year.

source: NewsrmTV

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