Brent crude is due to continue rising during the summer at least up to $55-60. High gasoline/petrol during the warmest season of the year is already taking place. Oversupply is not lasting long for a finite commodity specially in an increasing more volatile and unstable world where plenty of conflicts accross the globe are arising. We shall never unfortunately see again $30 a barrel prices, is more likely to keep going up to a minimum of $80 UKOIL
in the next couple of years.
at $45 and for WTIOIL the same applies. Bear in mind that is interesting to keep on eye on AUGUSD
prices as well as 2016 is becoming the year for commodities