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Fundamental Analysis
Market Analysis by Vistabrokers
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[QUOTE="Vistabrokers, post: 76401, member: 32993"] [B]Vista Brokers: IEA Comments Supported Oil[/B] [IMG]http://s012.radikal.ru/i320/1501/a1/8c85b0f19f47.jpg[/IMG] Futures for Brent crude oil on Friday rose above $49 per barrel after the International Energy Agency had mentioned that the trend may still turn. However, analysts agree that in the near future, such a reversal is hardly possible, because the world production continues to exceed demand. Also concerns about the economic growth slowing remain. Vista Brokers analysts reminde that oil prices have dropped by more than half since last June. Although the IEA experts believe that the trend reversal is possible in the current year, but it is nobody knows how much more the price can drop until it begins to rise. Nevertheless, Brent, which was traded on Thursday at $ 48 per barrel, was supported by comments of the International Energy Agency. [/QUOTE]
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