Next Week Forecasts

Important weekly events (Short Recollection) Friday was a day when Oil futures came to a four week's high. The prices scored a weekly rise of more than 5%. And most noteworthy the optimism on upcoming production cuts rose the positive expectations and market movement. The cuts will be extended to next 9 months. Starting from [...]

By | 2017-05-21T15:40:13+00:00 May 21st, 2017|Financial, International, Oil Market|0 Comments

Citigroup Inc. joined Goldman Sachs Inc. believing in better second quarter of 2017

“It’s time to have faith in raw materials, and oil will probably recover to the mid-$60s by the end of the year.” Citigroup Inc. who joined Goldman Sachs Group Inc. said. Even if U.S. shale output may come “booming back” midst of higher crude prices, production control by OPEC and its leaguers should help neutralize [...]

By | 2017-04-18T17:39:05+00:00 April 18th, 2017|Financial, International, Oil Market|0 Comments