30.06.2016 - Oil may correct after a strong growth

The price of oil showed strong growth against the background of the possible impact of the revaluation of the UK exit from the EU, investors' concerns about the likely strikes on oil rigs in Norway, which produces about 2.1% of the world's oil, as well as the reduction in US oil inventories by 4.1 million barrels last week. It should be noted that the potential for further growth of oil is low on the background of saving oversupply of oil on the market, as well as reducing the growth forecasts in the UK and the EU. According to our estimates, quotations of oil will decline in the near future, with the potential of reaching 47 and 45 dollars per barrel.

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