The price of a barrel of Brent crude oil fell below $30 for the first time since 2004
NEW YORK, January 14. /Corr. Igor Borisenko/. The price for oil grade WTI with delivery in February on Wednesday to close the session on the new York Mercantile exchange rose by 0.13% and stopped at $30,52 per barrel.
Meanwhile, analysts of the oil market do not exclude the possibility of further price fall. “Now there is not enough information to safely assume that the worst already behind”, – the newspaper cites The Wall Street Journal the opinion of the analyst Institute on governance in the energy sector Dominica Chirichella.
The newspaper has also led the analysts of the British Bank Standard Chartered, according to which “prices could fall to $10 before the majority of Fund managers operating on the market, accept that things have gone too far”. The newspaper also refers to the opinion of analysts at RBS, who believe the oil price can drop to $16 per barrel. “These data are significantly different from the official forecasts of banks, said The Wall Street Journal. A poll of 12 banks revealed that this year the average price of a barrel of Brent will be about $50 per barrel, while the WTI oil is around $48 per barrel”.
Prices for Brent crude and the dollar
Prices for Brent crude and the dollar. Infographics