04.08.2016 - We look forward to the resumption of oil fall after the recent correction
The price of Light Sweet crude oil showed growth after reaching a critical level of 40 dollars per barrel. Investors have decided to fix positions. In addition, support for the market was the news on reducing inventories of gasoline in the country by 3.3 million barrels against an expected reduction of 0.3 million barrels. At the same time, the volume of oil production in the country fell by 0.55 million barrels per day. Despite this, the excess of supply on the market will continue to put pressure on the quotes and we forecast a decline in the medium term, with potential targets at 37.30, 36.00 and 35.00 dollars per barrel.