The world tipped as the rising oil price

The American WTI, which is trading at a discount to Brent, may be 10 dollars more expensive North sea oil grade WTI, if the United States approves the changes in the taxation of imports and exports. This forecast was voiced by the Director of investments Andurand Capital Management Pierre Anduran.

Anduran reiterated the growth forecast for the oil prices to 70 dollars per barrel in the current year, reported Bloomberg. According to experts, OPEC will want to see more rapid price increases to mitigate the effect of potential tax reforms in the United States.

The agreement by OPEC and other oil producers to reduce output will be observed about 80%, said Anduran.

He is confident that by mid-2017, the oil market will return to backwardation in which the producers of shale oil (primarily North American) no incentive to hedge supplies. The liquidation of the hedging positions will support prices, he added Anduran.

We will remind as repeatedly explained, the specialists, the global quotes of the oil market impact on fuel prices in Ukraine is only 3-4 months.