Thina Saltvedt Nordea sees the panic spread in the oil market and forecasts prices in the 40s. Torbjorn Kjus DNB shutting down its oil estimates once again.
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– Now it’s so negative mood in the market that it’s really hard to see the bottom.
It is no more than a scant two weeks ago Nordea analyst Thina Saltvedt believed in major Opec cuts and an oil price of $ 90 a barrel. At the meeting on 27 November chose Opec countries instead to keep quotas unchanged.
– There is nothing holding back. Now the 65. It can go in the 50s and 40s for the part before it stops, says Saltvedt.
– There is panic throughout the line and it makes it a mass exodus simply, she adds.
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