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The bottom of the oil price

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The bottom of the oil price Empty The bottom of the oil price

Post  Admin Sun Jan 11, 2015 12:55 am

1/11/2015 0:00

  BAGHDAD Agencies
Despite the difference in the analyzes, Alnaftyon experts agree that the time is not to stop the deterioration of prices of a barrel of oil globally ripe, but they expect to reach $ 35 per barrel of crude and US $ 40 per barrel of Brent.


Some say that the prices have come down from their levels as everyone watching the situation to see what producers Stfter determination first. Put analysts BofA Merrill Lynch Global Research following question: "To what extent the oil could fall?", After 12 pages of explanations and analysis, charts and warnings, suggested $ 35 for US crude and $ 40 for a barrel of Brent.


In the absence of signs of OPEC output cut, traders look to US shale drilling oil wells, which may cost up to $ 70 a barrel, but the bottom dissipated with the continued growth of shale production and contracted many producers on the high prices for the next twelve months.




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