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Goldman Sachs: The price of oil will remain unchanged until the middle of next year

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Janet Gaines
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Crude oil prices will remain at 45-50 dollars a barrel until the end of 2017 to mid, and it is going to change just a little bit of global supply and demand, investment bank Goldman Sachs predicts.

Bank analysts say that development will remain weak and will be seen in addition to a strong harmonizing effect phenomena.

For example, the decreased demand in India and China will rebalance production problems in Nigeria and Venezuela.

In the near future due to uncertain horizons dollar price will determine the price development of oil more than the market.

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Janet Gaines
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