Baku, Azerbaijan, Dec. 26
By Taleh Mursagulov - Trend:
After the price of Brent crude oil reaches $50, a deep correction may occur, reads a daily report by the Azerbaijani investment company InvestAZ, Trend reports.
Analysts of the company note that in case if oil prices break through the level of $51.66 in the upward direction, the price of Brent may reach $52.78 and $54.61.
Alternatively, if the price of Brent crude drops below $49.86, the oil prices may further decrease to $47.56 and $46.15.
---
Follow the author on Twitter: @TalehMursagulov