Saturday, October 4, 2014

Oil Analyst: – Waiting for the 80s – HegnarOnline

Oil Analyst: – Waiting for the 80s – HegnarOnline

Yesterday vaket oil prices around $ 92 a barrel. Oil analyst Torbjorn Kjus predicted in 2012 an average price of $ 100 a barrel in 2015 when the oil price was $ 116, enter the DN

– Now you see it too loud out, I will probably revise down estimates, he says to newspaper.

He takes one subject, and that is if the so-called Contango Oil market disappears. Contango means that the price of future contracts in the oil market is the price of physical oil spot price. In such a situation, losing financial investors. Kjus think we will see 80′s for the price of oil until it turns.

– It can happen in one month’s time, he says.

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