Gazprombank called the fair price of oil
"Black gold" It should cost 95-100 dollars per barrel dimensional. So believe in "Gazprombank". Its estimates of analysts financial institution made, based on the historical correlation of oil prices and zolota.Fotodepositphotos.com
The bank also believes that soon the oil quotes will rise to 42.5 dollars per barrel.
"We recommend buying oil futures market price (at the time of writing, about 34.5 dollars per barrel) with a technical target in the range of 40,0-42,5 dollars per barrel, that means a 25 per cent growth potential"- says the analyst of bank Vladimir Kravchuk in the survey, released on 5 February. He believes that technical indicators point to the beginning of a great speculative games on the market "black gold".
The main catalyst for the growth of oil prices, in our opinion, is an extremely unfair price for oil at the moment. "fair" the price of oil, calculated on the basis of historical relations with the price of gold, now lies in the range of 95-100 dollars per barrel. We can only say that one way or another in the medium term, the oil market should be balanced so that the ratio is performed again, – experts predict.
If this does not happen in the near future, in the longer term, oil quotes will rise much above the level of 100 dollars per barrel.
Heard from all sides of the information noise is very low oil prices, which will continue for many years, it is well described by an Arab proverb "dog barks – the caravan goes on – it is ironic.
According to Vladimir Kravchuk, additional oil quotations growth factor may be a potential strengthening of geopolitical risks in the Middle East. And it will contribute to the growth of not only oil, but also "filthy lucre". By the way, on Friday, April futures price for North Sea petroleum mix of mark Brent fell by 0.35 percent – to 34.34 dollars per barrel.
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