Oil prices have fallen recently. According to TDN Finans tied it in the next week uncertainty of a possible agreement between Iran and the six countries of the “P5 + 1 group,” United States, Russia, Britain, France, China and Germany.
The goal has been to arrive at a final agreement on the Iranian nuclear program by June 30.
According to market analyst Karl Fredrik Skorge Hansen at Norwegian Oil Trading is the short-term oil price developments currently heavily driven by speculation.
Norwegian Oil Trading think next week will be particularly crucial for further direction for oil prices.
– An oil bomb can strike the market if there is an easing of sanctions against Iran. They are ready to send shipments of crude oil and needs moreover very little time to adapt to the capacity already present, said Skorge Hansen TDN Finans.
The worst, in terms of a big decline in oil is, according to the analyst a combination that Greece pulls out of EU cooperation and the release more oil from Iran. But Norwegian Oil Trading considers the chance of this combination to be small.
On Friday afternoon costs Brent oil $ 62.60 a barrel, down 0.9 percent. Over the past month, oil prices fell 4.4 percent.
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