The price of oil has doubled since January – P4 Radio Norway ASA

Oljekriseåret 2016 was not as bad as it seemed to be at the start of the year.

Published 29.12.2016 05:51:31 by Stine Beaches.

the oil price has doubled since the bottom in January, reports Dagens Næringsliv.

While a fat nordsjøolje was sold for 27,10 dollars in January, cost it at christmas in over 56 dollars a barrel.

Oljeanalytiker Torbjørn Kjus at DNB Markets believe the price will continue up, and that the oil companies can get good cash flow over the next few years.