Dirk Rosinski, Managing Director of the AMTEX oil & gas Inc. is looking confidently into the future the importance of fossil fuels continues. Business and industry would collapse without oil and gas. Therefore, developments in the commodity market are setting trends for the future. Learn more on the subject from Ex-CIA director . After the rollercoaster ride of the past few months and a low of under 37 dollars per barrel, the price of oil has risen slightly.
On the 26 a barrel of West Texas intermediate (WTI) cost 43,21 dollars, a barrel of Brent North Sea oil was traded along with 44,68 dollars in both cases an increase of over 15 percent. This trend is set to continue on”, so Dirk Rosinski, Managing Director of the AMTEX oil & gas Inc. in Dallas, Texas (www.amtex.us). However, it is dependent on the recovery of the world economy. For now the value will continue at a low level, with tightening of the economy then the price per barrel rises in the next few months”, so next Rosinski. The possibility of order for March ended on the last Friday in March, but also for the April a further tightening of the price of oil is emerging. Correct economic forecasts are never easy to make.
Just in terms of the price of oil, many factors need to and more than for other trade goods are taken into account interactions of the global economy. Because crisis is not equal to crisis: while in some industrialized countries the economy weakens and decreases the demand for oil grows the demand in emerging countries and leads to an increase in the price of oil about an increased energy demand. Global economic recessions, such as we are experiencing at the moment, represents an exception. Other factors, such as the limit on the flow rate of petroleum exporting countries (OPEC), lead to influencing commodity prices and economic growth. “But Dirk Rosinski looking optimistically to the future: we assume that the demand attracts in the next few months and the price per barrel in the back to crack the 70 dollar mark.” Heimo Kantoro