“The problem is that the US companies increase output once oil price rises. Therefore, the price fluctuates around $40-55”, Azimov said.
Most traders say the balance in the market will not be kept during the next six months due to increase of output by Iran and Saudi Arabia and the shale gas boom in the US.
“Most likely, the oil price will remain unchanged during next two years”, Christof Rühl, Global Head of Research at ADIA, the Abu Dhabi Investment Authority said.
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