Tema: es buen momento de comprar petroleras ?

Can OPEC Send Oil To $70?

The latest, by hedge fund manager Pierre Andurand, is that crude will reach US$70 by June 2017. Andurand made this call before the weekend deal between OPEC and external producers was announced, noting that the Vienna agreement reached among the members of the organization was a “major turning point”.

Three months ago, Andurand had forecast that crude would reach US$60 by the end of the year and US$70 in 2017, so he’s now just repeating his earlier prediction, with a sounder basis this time. Back in September, he had said that Saudi Arabia is aware of the long-term implications of a depressed oil market and was ready to take steps to avoid a deficit in the longer run.

The hedge fund manager is not alone in thinking the ultimate goal of the cuts is to restore the balance between demand and supply: Goldman Sachs said in a note from Sunday that the deal reached by Saudi Arabia and the 11 non-OPEC producers is aimed at helping trim down the glut rather than just propping up prices. The non-OPEC group includes countries such as Azerbaijan, Kazakhstan, Mexico, and Brunei, as well as Sudan and South Sudan, plus Malaysia and Bahrain.

También pienso que el petroleo lo veremos en 70 dólares pronto