Royal Bank of Scotland anticipates drop in crude oil price to $16 per barrel in 2016.
The price will drop gradually; first it will drop to $26 per barrel.
Royal Bank of Scotland (RBS) forecasts the drop in crude oil price in 2016, first to $26 per barrel, and then to $16, RBC-Ukraine reports quoting the forecast of the bank chief economist Andrew Roberts.
According to the expert, from economic perspective the next year will be more difficult than this year. In 2016 the number of economic factors, which negatively affected global economy, will increase their pressure. In particular, it refers to high debt load, decrease in trade, FRS monetary policy tightening, decrease in global lending growth. Thus, the main surprise of the next year will become the drop in crude oil price – up to $16 per barrel.
The reason for price drop will become a decrease in demand against boom in supply, as well as less cold winter than expected.
