Oil at $ 30?

Oil at $ 30?
Today, Merrill Lynch announced its forecast for
oil prices for the coming year, and a minimum value of $ 31, he called.
Earlier the bank's forecast was around $ 40.
Expectations Bank
due to the rapid filling of the existing storage tanks, negative
demand dynamics and the tendency to overproduction.
possible actions
by OPEC and other market participants could influence the situation,
but most likely this will not happen. Price war for market share
continue.
But with such prices, the end of the year, analysts expect
fall in U.S. production because of low margins and as a consequence
price adjustment to $ 57 per barrel.
But, hell, it's still below our target with the budget of interest on 30%!
In general, we continue to buy the dollar and pour its brokers.