Saxo Bank (Saxo Bank)
Commodities  |  November 05, 2012 09:25:11

Oil price outlook to the end of the year - subdued demand


We expect the growth in global oil demand will be subdued until the end of the year. The increase in demand in emerging markets will almost offset by a decline in demand in OECD countries. This would be the price of Brent crude oil, to remain until the end of 2012 trapped in Gaza, especially after the last dose of liquidity provided by central banks, the market has failed unlike before start the ascent.

After the summer growth, oil prices stabilized. Upside powered by interruptions from various locations and sanctions imposed on Iran, which keeps production at lowest level in several years. Recorded an increase in energy prices and the weak dollar, which has weakened significantly in September, when he turned away from speculators.

Brent in 2012 traded on average $ 112 per barrel. We expect that the average for the whole year will be close to 110 dollars by the end of the year, so the price will be between 105 and $ 110 per barrel. The difference between WTI and Brent crude oil remains high, because speculative liquidation of long positions falls most on WTI crude oil, while any premium for geopolitical risk is reflected in the price of Brent crude oil due to the fact that this type of oil is used as a global indicator for poměřovací oil from fields in the sea.

Ole Hansen, Saxo Bank commodity strategist

Downside risks

Risks growth

Prospects for China's economy

       The deepening crisis in the euro area

       Strengthening Dollar

85pt; mso-height-rule: exactly; mso-list: l1 level1 LFO1 "class = text align = left>        The slump in the U.S. fiscal gap

       Poor prospects for global macroeconomics

       Geopolitical event

       Bad weather in the southern hemisphere

       Colder winter in the northern hemisphere than forecasts predict

05pt; mso-element-wrap: around; mso-element-anchor-vertical: paragraph; mso-element-anchor-horizontal: page; mso-element-left: 170.55pt; mso-element-top: 29.85pt; mso- height-rule: exactly; mso-list: l0 level1 lfo2 "class = text align = left>        Continued aggressive easing of monetary policy



 Globální online investiční banka

Saxo Bank je globální investiční banka specializující se na online obchodování a investice na mezinárodních finančních trzích. Saxo Bank umožňuje soukromým investorům a institucionálním klientům obchodovat s FX, CFD, cennými papíry, futures, opcemi a dalšími deriváty a poskytuje i profesionální správu portfolia a fondů díky svým online obchodním platformám oceněným řadou různých ocenění.

Více informací na: www.saxobank.cz

Was this article: 10 | 8 | 6 | 4 | 2 | 0


Last news from the section Commodities:

Pá 11:10  Dolar oslabuje v reakci na politické napětí v USA PrimStock s.r.o. (PrimStock s.r.o.)
Pá 10:54  Evropa na konci týdne ztrácí, pod tlakem aerolinky Patria (Patria Online)
Pá 10:23  Ceny vzácných kovů letos prudce rostou Patria (Patria Online)
Čt 22:03  Wall Street Closing Bell & výhled na 18. 8. 17 Grant Capital (Grant Capital)

Read also:

June 03, 2017Goldmani snižují výhled pro ceny ropy v letech 2017-20 Vladimír Urbánek (Kurzy.cz)
May 10, 2017Nízké ceny kakaa a výhled na rok 2017 STOX.CZ (Grant Capital)
February 21, 2017Býci ze Citi vidí ropu na 70 USD do konce roku Vladimír Urbánek (Kurzy.cz)

Výhled ceny ropy do konce roku - utlumená poptávka

Diskuze a názory

Na dané téma nejsou žádné názory.


Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2017

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688