It's already a year for record books. The American Crude Oil, also known as the West Texas Intermediate (WTI), sees its best. According to Tom Cruise of the Oil Prices Information Service, there are not many things to say, who could fail the rally in the second quarter.
"We'll see higher prices than we can see right now," co-founder of the company. Global Energy Analysis announced today CNBC "Futures Now".
However, Kloza, who is known for the predicted collapse of 2015, said his forecast is warning: it will be a more moderate and gentle year despite
Overall, he predicts that 2019 will be cheaper than last year, and in 201
dollars per barrel or so-which is probably not a statement you would make in February, and many of them in the past ten years, "he added. This is different this year, he said, because oil was resold in December, and now he believes it is a balanced oil market. "
" You have many refiners that are maintenance – and yet the prices of gasoline does not move higher, demand does not move higher, and this means lower demand on Friday, WTI's raw material rose 2.2% to 55.59 dollars a barrel, with a three-month high.Brent, the international oil benchmark, also set a three-month high
"We are in a gold- the cost of finding crude oil in the Perm basin is diminishing, "said Klosa, referring to the large oil fields covering parts of Texas and New Mexico."
"And the prices, right now, for crude oil blends beyond the criteria , outside and WTI, are probably their best start for a new year in 30 years, "he added.