The oil issue ... - page 44

[Sergey Golubev]

In short - China will save the world China will save the world...

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Sergey Golubev:

More on oil (from foreign articles).

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That is my guess - the Americans do not foresee oil rising above 44 in the theoretical foreseeable future

It could very well be a "hoax", disinformation, another lie. -- they are very good at that.

[[Deleted]]

The charts, on the other hand, are completely unbiased

Let's take a look from the Daily bump :

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And with the Weekly, let's have a look

Brent_20160126_Week

[Mykola Demko]

Morgan Stanley warns: oil price will fall to $20 a barrel http://www.inopressa.ru/article/12jan2016/ft/oil.html

Bloomberg reveals speculators plan to crash oil prices to $15 http://lenta.ru/news/2015/12/23/bloomberg/

[Sergey Golubev]

Dennis Gartman is a "bear" - probably their informal leader on oil (i.e. there are "bulls" who play up, and there are "bears" who always play down).

So he must have calmed his audience with this article saying "guys, don't worry, it's too late to make a sell, but your competitors won't do well either, because oil will not go higher than $44 during my lifetime". (and the article was published in Business Insider 4 hours ago and about China that they are buying and will continue to buy more and more oil - in Market Night 8 hours ago). And China doesn't care who Dennis Gartman is :)

[Alexandr Bryzgalov]

Nikolay Demko:

Morgan Stanley warns: oil price to fall to $20 a barrel http://www.inopressa.ru/article/12jan2016/ft/oil.html

Bloomberg reveals speculators plan to crash oil prices to $15 http://lenta.ru/news/2015/12/23/bloomberg/

who predicts morgan stanley or the world bank more accurately? ))

the latter has a forecast of only 37 )

http://www.forbes.ru/news/311309-vsemirnyi-bank-rezko-snizil-prognoz-tsen-nefti-v-2016-godu

[Sergey Golubev]

Nikolay Demko:

Morgan Stanley warns: oil price will fall to $20 a barrel http://www.inopressa.ru/article/12jan2016/ft/oil.html

Bloomberg reveals speculators plan to crash oil prices to $15 http://lenta.ru/news/2015/12/23/bloomberg/

Yes, there was an article here yesterday (with video) on CNBC where they say the price is unlikely to hold at 30 and will actually be around 20 (where it should be).

Here it reminds me of Deutsche Bank, Morgan Stanley and other international financial institutions who must have been making EUR/USD forecasts for four months straight several times a week in the mode of "we believe EURUSD will be 0.95 at the end of 2015", "we believe EUR/USD will be 1 at the end of 2015, and 0.95 at the end of Q1 2016"... and so on. And EUR/USD is now 1.08 ...
The thing here is that the price is not driven by US corporations alone .... There is also China ...

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This is the work of shaping the "opinion of the masses"

[Sergey Golubev]

If you take the latest Goldman Sachs oil forecasts, they write(here, here and here and here and elsewhere) that the first quarter of this year will be between 20 and 40, and the half-year average will be around 40, and that 2016 is generally the year of the oil price increase.