Expert: within months the price of a barrel of crude oil to less than $ 60
West Texas light oil: Close New York 24/08/2012 $ 96.12 a barrel in a statement singled out the Voice of Iraq expert said global markets and oil, currencies and metals Dr. Sabih tremendous price barrel of West Tkas oil as its price closed on Friday 08/24/2012 at the level 96.12 dollars per barrel may be ended period corrective task of Aoti price record at $ 77.28 on June 22 last and drop from the level of 110.55 last February is considered the first phase of several phases so that the final phase may take prices to below $ 30 a barrel During the next several months. in cases where the end of correction phase current, the prices candidate to begin the second phase of decline punctuated stages corrective and expected target is her falling price of a barrel of West Texas light of the level of 96 to Madon of 65 dollars in the coming months. stage corrective current may continue and take prices to $ 99 and a low potential.
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And oil prices so you can avoid any stages drop them rise to above $ 105 and keep the continuity traded to a period of weeks so we can say that it exceeded the stages of risk and is likely to rise. added Dr. Jabara said scheme falling prices have drawn clearly and either periods height are periods corrective technical may driven reasons tensions policy statements or temporary improvement in the indicators of the global economy and so of temporary reasons no more. and terminate Dr. Jabara said he and two years ago is expected to oil prices to fall to below $ 30 and I am still on this Alra so that price of a barrel oil west Texas topped 105 dollars and continue at this level for a period of not less than one month.