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Azerbaijani investment company: Oil prices may continue to rise

Oil&Gas Materials 7 January 2019 17:03 (UTC +04:00)

Baku, Azerbaijan, Jan. 7

By Taleh Mursagulov – Trend:

The Brent oil price may continue to increase up to $59.95 per barrel, Trend reports referring to a daily summary of the Azerbaijani investment company InvestAZ.

Oil prices continue to move in an upward direction, analysts of the company said.

InvestAz analysts think that if oil prices go above $58.29 per barrel, then the price may rise up to $59 and $59.95 per barrel.

In case of alternative, if the Brent price breaks the level of $56.62 per barrel in a downward direction, then the price may further decrease up to $55.14 and $53.19 per barrel.

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Follow the author on Twitter: @TalehMursagulov

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