Analysts agree that precipitation is due to a strong excess of supply over the weakened global demand. Too much oil and OPEC does not react, “said analyst Ehsan Ul-Haq from British consultancy KBC Energy Economics.
In the second half of the year will exceed $ 50, but will not return to 100, “said the adviser, referring to the annual average of over $ 100 that marked between 2011 and 2013.
Oil prices of Brent, of WTI barrel and OPEC were at least the last five years, between 41 and 45 dollars per barrel, more than 60% lower than in June. But “eventually hit bottom, and then back up.
The Texas oil barrel (WTI) bounced 5.27% and closed at $ 48.69, finishing the week up 0.68%, the first rise after seven weeks of retreat.