11.02.2016 - The fall of oil can continue to 25 dollars per barrel
The price of oil continues to decline amid growing concerns of investors about the global economic growth this year, as well as the slowdown in demand for oil. Oil production within OPEC last month was 32.6 million barrels per day and will continue to grow in the near future, with increased production volumes in Iraq, Saudi Arabia and Iran. The volume of production in the US also remained stable, despite the reduction in the number of active drilling rigs. We expect a continuation of the negative dynamics of Light Sweet oil price with the potential of reaching the levels of 25.00 and 22.00 dollars per barrel and near these levels, it makes sense to start to accumulate long positions.