Experts forecast Brent price fall to $40 per barrel
Almaty. January 8. KazTAG - Experts forecast fall of Brent oil price to $40 in the near future, reports the RBK.
"In the short term period Brent oil price will fall to $40 per barrel leaving no choice to the exporters, including Saudi Arabia but production reduction. It is reported in the analytical remark of the Bank of America Merril Lynch," reads the publication.
According to the experts, the cost of American oil WTI will fall to $35/barrel. It will lead to production reduction by Saudi Arabia, or the states - non members of OPEC.
For the first time since May 2009 Brent oil price fell below $50 to $49.66/barrel on January 7.