Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
oil quotes forecast
Analytics

Oil quotes: forecast from Swiss bank Julius Baer

23.07.2020
2 min read

Julius Baer analysts: oil quotes and their forecast for 3 months

This year, the world has experienced many shocks, including a drop in global demand and a collapse of the oil market. Gradually, the situation has stabilized, but the risk of collapse still exists. Bank Julius Baer from Switzerland analyzed oil quotations and made a forecast for 3 months.
According to the analysts of a reputable financial institution, the cost of raw materials can be kept at $40 per barrel. Against the backdrop of reduced demand in the market there was an excess supply, which was exacerbated by limited opportunities for fuel storage. Now this problem has been relegated to the background and we can talk about the recovery of the segment. Demand is increasing, supplies are growing and manufacturers have started to work in full. These processes indicate that quotations will continue to grow.
Therefore, the forecast from Julius Baer refers to the cost of $40 per barrel of oil, and this figure is likely to remain for the next 3 months. Analysts of the bank hold a long position, explaining its positive mood that reigns in the market. However, the stop-loss is added below the values at which the oil is currently traded.
Norbert Rücker from Julius Baer says that the segment is recovering faster than experts originally expected. Despite the fact that a number of production facilities in North America and the Middle East were stopped during the pandemic, the industry was able to recover quite quickly. In spring, the segment experienced a collapse due to oversupply, but now we can say that the market is gradually entering a bullish state. This opinion is confirmed by the analysis of speculative futures positions under WTI contracts in the North America region. The official statistics of the USA also allows us to see the picture and predict the development of the situation. According to these data, the suspension of production in the country has fully manifested itself in May and June, and now the positive dynamics is scheduled. Although experts do not rule out that the decline in rough stocks may occur in the future, there is no serious threat to this.

oil quotes forecast
Norbert Rücker from Julius Baer says that the segment is recovering faster than experts originally expected. Despite the fact that a number of production facilities in North America and the Middle East were stopped during the pandemic, the industry was able to recover quite quickly. Expert Chaslau Koniukh

So far, the market has been steadily gaining momentum, and this trend will continue in the near future. Meanwhile, experts warn that with the price of a barrel of $35 or more the issue of competition may become a priority. Exporters will start to share the part of their presence in the segment, affecting the quotes and market stability.
With the increase of oil price, the growth of shale production is expected, which has gone through a deep crisis. This industry is showing signs of recovery, but during the collapse of quotations traditional fuel has suffered serious damage, the consequences of which will be felt for a long time.

Tags: Analytics
0
Previous Post What factors influence the development of the Russian money market Next Post How the Russian stock markets emerged and developed

You Might Also Like

the best currency for savings
Analytics
BKS Broker: the best currency for savings
28.02.2021
Oil demand forecast
Analytics
Rystad Energy’s 10-year oil demand forecast
04.05.2021
Analytics
Experts of Saxo Bank and Chaslau Koniukh: investments in high quality companies are still relevant
21.10.2020
Chaslau Koniukh
Analytics
National Bank of China lowered yuan to dollar exchange rate to record lows: opinion of Bloomberg and Chaslau Koniukh.
08.07.2020
worth buying bitcoin
Analytics
When it’s worth buying bitcoin, when it’s better to wait: the look of Morgan Stanley analysts
16.09.2020
Expert Chaslau Koniukh
Analytics
Analyst Chaslau Koniukh: Chinese digital yuan threatens dollar
18.07.2020

Recent Posts

  • 1Mary Erdoes
    Mary Erdoes: the most powerful woman on Wall Street
    02.06.2023
  • 2Pilatus Aircraft
    Pilatus Aircraft: the history of the Swiss aircraft manufacturer
    01.06.2023
  • 3investment triangle to select a particular asset
    Investment triangle: how to choose the best asset for investment
    31.05.2023
  • 4Nissan and Renault
    Nissan and Renault invest $600 million in a joint venture
    30.05.2023
  • 5Noventiq
    Noventiq plans to float on the Nasdaq exchange
    29.05.2023

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Giorgio Armani: How the career of the Italian fashion designer began

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

inflation in the UK
Inflation in the UK will decline: analysts’ forecasts
03.06.2023
Mary Erdoes
Mary Erdoes: the most powerful woman on Wall Street
02.06.2023
Pilatus Aircraft
Pilatus Aircraft: the history of the Swiss aircraft manufacturer
01.06.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Giorgio Armani: How the career of the Italian fashion designer began
  • China’s digital currency may soon be in full use
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics