Fundamental factors in the formation of oil prices has not changed. In the foreseeable future we can expect their next reduce. This was “Rosbaltu” said senior analyst, Vygon Consulting Maria Belova.
The current relatively stable condition in world oil prices caused primarily by the speculative component, said Belova.
“The market opened a lot of long positions. It is believed that this particular rally in order to bring (the oil price) to $ 50 per barrel,” she said.
At the same time, according to experts, this temporary factor, because “the fundamental factors that should support the (oil) prices have not changed”.
“Until we see an oversupply of oil on the market and this factor is not reduced and will not disappear until at least the middle of next year”, — says the analyst.
This, according to Belova, the idea should lead to another drop in oil prices.
