Despite the fact that even before the price of Brent crude oil exceeded $43, the price for it in the coming weeks could return to $35 per barrel, reports Reuters, citing a forecast by us investment Bank Goldman Sachs.
the Company says that the price will drop due uncertainty as to what will be the future demand, and “scary” of fuel.
Above $40 oil prices have overcome for the first time since March against the decision within OPEC to+ extend the reduction of oil until the end of July. June 8, Brent was worth more than $43 per barrel. But on 9 June, the fuel has already dropped to $39,93 per barrel.
the Previous agreement ceased to operate from the beginning of April, however, oil prices have fallen sharply since March, when it became known that the deal will not be renewed. The price of Brent crude fell below $20 per barrel. New deal and the OPEC countries outside the cartel, including Russia, signed on April 12. This agreement envisaged that from 1 may oil production will reduce by 9.7 million barrels a., since July, the volume will gradually increase, first at 7.7 per barrel. per day, and from January 2021 to April 2022 to 5.8 million barrels. the day.