Oil fell in price, but analysts predict its growth

Oil prices went down on Monday. July futures for Brent crude by 15:14 Moscow time fell by 35 cents to 78 dollars 16 cents per barrel. The price of June futures for WTI oil fell 2 cents to 71 dollars 26 cents per barrel. The head of the International Energy Agency, Fatih Birol, considers oil production in Venezuela to be one of the main risks for the oil market in the coming months, expecting it to fall sharply. Analysts at Citi expect that oil prices will continue to rise and the spread between Brent and WTI will increase, which may exceed $10 per barrel next year. They predict for the year 2019 the price of Brent at $70 per barrel. At the same time, analysts at IBS believe that the price of oil could rise to $100 per barrel.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong