Goldman Sachs predicted the price parity of Brent oil and WTI in 2016


Moscow. January 27. Goldman Sachs analysts expect roughly the same prices for oil grades Brent and WTI during 2016.

In their opinion, the lifting of the ban on fuel exports from the U.S. will lead to the fact that average oil price of both brands this year will be $45 per barrel, informed Bloomberg Agency. Previously they were forecasting Brent at $50 per barrel and WTI – $45 per barrel.

Brent again in the future will trade at a premium to WTI. Next year the quotes of Brent will again exceed the price of American oil is about $2 per barrel in 2018, $3 per barrel.

Analysts at the Bank downgraded the value of Brent by $5 per barrel for the next three years to $45 per barrel this year to $62 per barrel in 2017 and up to $63 per barrel in 2018.

Assessment for WTI was maintained at the same level in 2016 – $45 per barrel and $60 per barrel in 2017 and 2018.

Quotations of March futures on the mark Brent on London’s ICE Futures exchange at 9:57 MSK fell $0.29 to (0,91%) – to $31,51 per barrel. Contracts for mark WTI for March in electronic trading on the new York Mercantile exchange (NYMEX) by this time dropped $0,46 (1,46%) – to $30,99 per barrel.