Oil markets seeking a new balance

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Title: Oil markets seeking a new balance
Organization: Bank of Finland
Series: Bank of Finland. Bulletin
Series volume: 90
Series number: 4/2016
Year of publication: 2016
Publication date: 12.10.2016
Pages: 55-59
Subject (yso): energia; öljy
Keywords: öljymarkkinat; öljyn hinta
Other keywords: energy; oil; oil markets; oil price
Abstract: The oil market drifted into an imbalance in 2014 as supply grew and demand was subdued. Oil prices have subsequently dropped, from around USD 110 per barrel to the current level of just under USD 50 per barrel. According to futures prices monitored in the Bank of Finland forecast for the international economy, oil prices will rise only slightly in the near future. Futures prices are however surrounded with considerable uncertainty.
Link: http://www.bofbulletin.fi/
Rights: https://helda.helsinki.fi/bof/copyright


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