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

Price forecast of cryptocurrencies
Analytics
What price forecast for cryptocurrencies: opinion of Russian analysts
13.07.2020
potential of the rouble
Analytics
Raiffeisenbank analysts: risks limit the ruble potential
30.11.2020
possible collapse
Analytics
How close is the possible collapse of the markets: the opinion of experts
29.01.2022
factors affecting the ruble
Analytics
Finam company: main factors affecting the ruble
13.02.2022
the best currency for savings
Analytics
BKS Broker: the best currency for savings
28.02.2021
rise in oil prices
Analytics
IEA: whether to expect oil prices to rise by 2040
04.04.2021

Recent Posts

  • 1Apple Search
    Apple Corporation is working on its own search engine, Apple Search
    28.01.2023
  • 2Tom Ford brand
    Estee Lauder made a deal to buy the fashion brand Tom Ford
    27.01.2023
  • 3Golden Visa
    The Golden Visa program has brought Portugal more than 6 billion euros during its existence
    26.01.2023
  • 4Michael Steinhardt
    Michael Steinhardt: the story of a prominent American investor
    25.01.2023
  • 5Cessna
    The Cessna aircraft company: how it all began
    24.01.2023

Popular Posts

  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Why the Federal Reserve System (FRS) refused to raise interest rates

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

Bybit
Cryptocurrency exchange Bybit provided information about the volume of stored assets
29.01.2023
Apple Search
Apple Corporation is working on its own search engine, Apple Search
28.01.2023
Tom Ford brand
Estee Lauder made a deal to buy the fashion brand Tom Ford
27.01.2023

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

  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Why the Federal Reserve System (FRS) refused to raise interest rates
  • The success story of the company with the most expensive shares – Berkshire Hathaway Inc
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