When crisis is fading, oil is going up!

[Stretchell]

There are a lot of people who harp on the same string, CRISIS, CRISIS, CRISIS! Hang with it! Where’s the f****** crisis?! Don’t you be a folie! Just have a look at trends in oil price and you’ll see that crisis is passing away! Indeed, I don’t think that oil could be getting up if only it were not for recovery of global economy. Yes, we have topped the crisis and now are sliding down on the other slope of it. Now, do you want me to tell why oil is going up? At the very start of crisis, oil consumption curtailed drastically. There was large surplus of oil as oil consumers reduced buying. At this moment oil began to cheapen. Then OPEC members agreed to reduce production of oil to equal demand and production. Now oil is rising in price because enterprises resumed production and demand is amplifying. But current oil production is not enough already, which makes it more valuable. Only some three months ago oil cost only 40 USD per barrel, now it is 52 already! Oil is likely to go on growing in price as OPEC is not planning to increase production. At that rate, by end of year oil will be 75 to 80 USD per barrel - at a minimum! More likely - 100 USD per barrel!