Oil markets are optimistically finishing the year
In the last days of the year, oil prices grew before, perhaps, the largest increase since 2009. By the middle of today's trading, Brent crude oil with contract in March rose to $ 57 per barrel. North American benchmark WTI for February delivery reached almost $54 per barrel.
For the first time since January 2016, both oil standards, Brent and WTI, rose by almost 50%. The main reason, of course, is the agreement of OPEC and other major oil-producing countries to reduce oil production in the total amount of 1.8 million barrels per day.
Reuters has conducted a survey among analysts who predict a rise in prices of Brent crude oil to $60 a barrel by the end of 2017. Other experts warn traders about possible non-compliance with the agreements and "strong" dollar, which could limit future growth. Also do not forget about North American companies that work on shale deposits. This explains strong interest in the weekly statistics from Baker Hughes, which publishes data on the number of operating rigs.
04 January, 2017 15:00
← Rockefeller Treasury Services, Inc. Analytics | 4 of January
All the major countries are getting more growth and more inflation than anyone predicted last fall. The US had already built some momentum, but analysts were still fretting about a return to recession as recently as last September. It was not until the Fed hike in December that the word “recession” got taken off the table.
29 December, 2016 16:00
Chinese investments in London are growing →
Many foreign investors are no longer perceive London as promising area for investment. After the United Kingdom has decided to leave the EU structure in June, the British real estate investing decreased by almost a half. Although less fastidious buyers from China and Hong Kong are continuing to buy assets in central London actively.
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