Get ready for the petrol rally during the Spring

28.02.2017 / 11:19

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Short-term seasonal factors favor the increase of oil prices in the spring. The main change in the dynamics of supply and demand also takes place in the spring of 2017. The next two prices of major resistances from which oil can be shot there.

In 2016, WTI rose from February 11th to 9th June Probably in 2017 during the same period we will observe a similar phenomenon.

Usually oil demand peaks in the summer and then the price most rises. If demand continues and supply is not enough, then rise may continue to fall.

According to the IEA (International Energy Agency), in the last quarter of 2016, global demand was slightly lower demand. Lower oil prices and persistent economic stimulus by the central bank during the period 2009 - 2016 have helped to keep the pace of growth and higher demand.

There are quite ETF-and that can be traded during the rally in oil prices. Also, investors can buy themselves goods: OIL, OIL.WTI. Can be traded and these ETF-: XLE.US, XOP.US and OIH.US. Also shares as XOM.US.

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Get ready for the petrol rally during the Spring

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