There is a lot of selling pressure at these levels, and I don`t think the prices will be able to stay in this area much longer. I expect Brent oil prices to drop to 40-42$ per barrel by the end of 2017/early 2018, and go up from there to higher levels at 60-70$ per barrel by the end of 2018.
One of the factors being able to influence negatively the price of oil for 2017 is the dollar strength, that I expect to last for the rest of the year.
One of the factors being able to influence negatively the price of oil for 2017 is the dollar strength, that I expect to last for the rest of the year.