According to the analysis of expert Jodie Gunzberg from the US finance corporation S&P Dow Jones Indices, oil prices could reach a new record, but this time the climb will not be short-lived.
They claim that the existence of several major problems at the same time, certainly can cause a gradual increase in prices in the manner of “revenge” because of recent low values.
In fact, right now there are two major problems that are complementary – lack of demand and simultaneous oversupply.
We also have to keep in mind that in the 24 months after the crisis in 2009, the value of oil increased for 200 percent, and that the recovery of growth in supply in 1998 caused a change of 34 percent. Gunzberg concludes that the combination of the recovery from the two problems at the same time meant an enormous leap of prices.
Business Insider predicts that prices will grow gradually, and companies like Goldman Sachshis already drew attention to this.
As a reminder, the current price movement is based on the onset to reach 50 dollars per barrel.
(Source: Klix.ba/Photo: EPA)
