Oil price declines, top analysts disagree


On Thursday, April 8, oil prices simultaneously showed weak growth: the price of Brent rose by only 0.34%, to $ 63.12 per barrel, and the price of WTI – almost the same, by 0.35%, to $ 59.83 per barrel. …

In a recent review, the global rating agency Fitch praised the work of OPEC + to stabilize the oil market, calling the strategy of the countries participating in the agreement, including Russia, a winning one. However, the investment bank Goldman Sachs, which in the spring of 2020 was one of the few global financial institutions that predicted a fairly rapid recovery of the oil market in the second half of 2020, this year warns of the risk for the oil market in the form of increased exports from the non-OPEC + Iran.

This morning, oil prices have been falling synchronously: the price of Brent is losing 0.85%, dropping slightly below $ 63 per barrel, while the price of WTI is falling by 0.86%, and has already fallen below $ 59. For today, our expected corridor for the Brent price is $ 62-63 per barrel.

  • How to manage deals? 17 methods from a practicing trader. Read life hack

Market forecasts, analytics and stock news

Libertex [CPS] WW

xemarketsforex

xemarketsforex

MTP Procurement Management Procurement Bidding SRM Cost Optimization Team Management Cost Management SAP ERP Management Skills SAP ERP 1C Supply Control SAP / SRM SAP / R3 Analytical Thinking Working with Suppliers Result Oriented System Thinking Process Management Strategic Planning Project Management MsOffice Negotiations with company top officials Organization of procurement procedures Oil trading

Read Previous

The official exchange rate of the dollar and euro against the ruble for April 10-12, 2021

Read Next

Forecast for the oil market in April