SaxoTV

Hansen: WTI what next? Forty bucks a barrel?

364 views
March 24, 2015 comm, commodites, commodities, commodities gold, commodities markets, commodities prices, commodities supply, commodities trading, commodity, commodity corner, commodity currencies, commodity gold, commodity index, commodity investing, commodity investments, commodity market, commodity markets, commodity outlook, commodity prices, commodity sector, commodity strategy, commodity trade, commodity trading, commoditymarket, ioi, ioil, oi, oik, oikl, oil, oil 100 price, oil 50 a barrel, oil 80 a barrel, oil and gas, oil and gas engineer, oil and gas services, oil and gold, oil asia, oil barrier, oil bounce, oil capex, oil capital expenditure, oil cargo, oil commodities, oil companies, oil company, oil consumer, oil crash, oil crisis, oil currencies, oil currency, oil decline, oil declines, oil demand, oil dollar, oil dollars, oil down, oil drop, oil egypt, oil equity, oil exploration, oil futures, oil gains, oil gold corn, oil grilling, oil growth, oil hits 80 dollars, oil industry, oil inventories, oil iran, oil levels, oil libya, oil majors, oil market, oil market', oil market', oil market', oil markets, oil news, oil opec production, oil outlook, oil pressure, oil price, oil price fall, oil price targets, oil prices, oil prices 2015, oil prices historic, oil producers, oil production, oil range, oil refinery, oil sector, oil selloff, oil services sector, oil shutdown, oil spread, oil stockpiles, oil stocks, oil supplies, oil supplies threatened, oil supply, oil tankers, oil target, oil targets, oil trades, oil trading, oil trading', oil trading', oil trading', oil trading', oil trading', oil up, oil us shutdown, oil wealth, oilsupply, oioi, opinion, wti, wti 50 a barrel, wti and oil, wti brent, wti brent spread, wti crude, wti crude oil, wti export russia, wti keystone, wti price, wti russia, wti russia us, wti supply, wti ukraine, wti vs brent, wticrude, wtiwti
With negative pressure piling up on WTI the price looks set to be stuck in the USD 44 to 48 range argues Saxo Bank's Head of Commodity Strategy Ole Hansen, who adds that if the price breaks below USD 44 then he would expect a drop to USD 40; levels not seen for six years.     

Saudi Arabian production is at record levels, US inventories are at multi-decade highs and a nuclear deal with Iran could see sanctions lifted and Iranian oil flooding into the market.
All key reasons why the cost of crude is expected to remain low and exert influence over all other asset classes.