27.03.2015 - The price of oil will remain volatile
Airstrikes of armed forces of Saudi Arabia and its allies on positions of militants in Yemen, which are supported by Iran, have led to a sharp increase in the volatility of oil prices in the world. It is worth recalling that the through the strait of Bab-el-Mandeb are going through a large number of oil and the tense situation in the region may lead to the disruption of oil supplies. On the other hand the amount of oil reserves in the United States once again updated the record levels and analysts fear that the lack of spare capacity for the storage of oil in the United States and China would lead to a sharp drop in prices of oil. Volatility in the near future will remain at a high level. We recommend holding short positions on oil Light Sweet and maintain a medium-term negative outlook.