05.07.2016 - We expect a further fall in oil prices

The price of oil resumed its fall after yesterday failed attempt to grow. The reason for the decrease was the increase in investors' fears about slowing global economic expansion, the growth of drilling activity in the US, as well as increase in oil supply from Nigeria after the infrastructure has been restored, which has suffered from attacks of militants. Considering saving the oversupply of oil on the market, as well as the deterioration of prospects for global GDP growth, we expect a continuation of negative dynamics in the near future with the targets on the 45.00 and 43.00 dollars per barrel.

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