The market is saturated, the price of oil is still lowFriday, 29 July 2016 12:30
On Friday, the price of oil is about the April lows. The oil market is oversaturated. The price of Brent is around the level of $ 42.62 per barrel. Previous closing was on 0.2% higher. WTI crude oil lost 0.3%. Now its price is $41.02 per barrel. The difference between the June and peaks in the current quotations of is approximately 20%. Analysts believe that until the middle of 2017 the price of oil will remain in the range of $ 45-50 per barrel. Tentatively it will last until 2017.