Qubat oil prices at low levels on Monday in light of expectations of a slowdown in demand refers to the continued oversupply for months to come, which in turn carry speculators to reduce bets on higher prices.
The record US crude earliest delivery month to $ 44.69 a barrel by 0557 GMT, up nine cents from the closing price in the last session, but less than 12 percent for the highest level during the month of October.
London Brent crude rose eight cents to $ 48.07 a barrel, but at least more than ten percent from its highest level during the month Alhala.oukalt Goldman Sachs that oil prices may go down «a sharp drop» with the approach of refined products storage sites fullness of satiety to worsen already pushed prices down more than 50 percent since June 2014.
The ANZ Bank said he expected prices to remain low through the rest of the year because of slowing demand However speculators reduced expectations the rise of prices.
On the demand side Aspkedz Energy said it «expect a sharp slowdown of the growth of oil demand in the last quarter of 2015 up to 0.8 million barrels per day, the lowest pace of growth in five chapters.» Fatih Birol, Executive Director, said the International Energy Agency said on Monday that investment in the oil sector will fall, most likely in 2016 as a result of falling prices and was down more than 20 percent in the current year.
He said at the International Energy Week in Singapore «if it will be the first time in two decades in which the investment decline for two consecutive years may be an indication of the oil markets in the future. »
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