Already in the first quarter of next year, the price of oil could reach 43 dollars per barrel. That conclusion came analysts Merrill Lynch, dropping its forecast reduction in demand for fuel because of the downturn in the global economy.According to experts of Deutsche Bank, the cost of crude oil in April, could fall to $ 40 per barrel. Estimates analysts disagree strongly with expectation ministry, which lay at next year’s price at just under $ 100 a barrel. Analysts predict that stem falling prices are not able to even the joint efforts of Russia and OPEC to reduce production, says today RBC daily. Yesterday the maximum from the beginning of the trading decline in oil quotes to more than 3.5%. However, the cost of black gold not for shagnula strip below $ 50 a barrel. Prices of oil futures transactions in Light, Sweet Crude Oil at 53.90 (-0.54) per barrel and U.S. $ 53.37 (-0.55) dollars for IPE Brent Crude. According to the chief expert on investments in Europe, the Middle East and Africa Group Global Services Private Client Merrill Lynch Gary Dugan, the average price per barrel of crude oil WTI mark in the first quarter of next year at 43 dollars, while the second will rise to $ 45 a barrel. The average price of oil next year is expected to be 47 dollars per barrel, said yesterday, Mr. Dugan at a press conference in Moscow. Merrill Lynch Specialists are considering milestone in the $ 60 a barrel as the break-even point. According to the forecasts of analysts Deutsche Bank, in the first quarter of next year, the cost of oil could fall to $ 40 per barrel. The average price for the year will fluctuate at $ 60 a barrel, transfer agency Bloomberg. The reason for the fall of the value of black gold , according to experts, lies in reducing demand for fuel because of the downturn in the global economy. Against this backdrop, look overly optimistic forecasts of socio-economic development ministry, which suggests the next year the average price for oil of 99 dollars per barrel. The latest version of the budget was based on anticipation of the price of Urals in 95 U.S. per barrel. However, Finance Minister Alexei Kudrin has said the need to review the expected price closer to $ 50 IR Analyst Veles Capital Dmitry Lyutyagin agrees that demand for commodities may fall. Thus, the U.S. average for the last four weeks of consumption of petroleum and petroleum products decreased compared to the same period the previous year at 6.6%, from 20.5 million to 19.2 million barrels a day. There drop in demand for gasoline and heating fuel at 2.8 and 2.2% respectively. Meanwhile, Russia intends to accede to the actions of OPEC to reduce production and has already sent a draft memorandum of cooperation. However, according to analysts, to coordinate with OPEC and a decrease in oil production will not be able to completely halt the decline in oil prices.
