Crude oil prices could pick up in late 2016 – IEA’s F.Birol

Pablo Piovano FXStreet

FXStreet (Edinburgh) - IEA’s Executive Director Fatih Birol has argued that crude oil prices could start reverting its decline late next year or at the beginning of 2017, while crude investment is expected to drop by 20% during 2016.

Furthermore, he added that further downside pressure in prices is likely in case sanctions against Iran are lifted.

He also added that a slowdown in China could impact on the predictability for energy markets.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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