OPEC forecasts - more optimistic. Of the IEA - more pessimistic.

Futures Brent and Light Sweet remained in negative price area. The price range varies in range:
IPE Brent Crude (August) - $56.84 to 58.50 /bar. ;
Light, Sweet Crude Oil (August) - $51.26 to 52.69 /bar.

Price support today has monthly report OPEC, which increased their forecast for global consumption of 100000 barr. / day. In 2016, OPEC predicts reaching the average consumption of 93.94 million bar. This in turn will offset the growth in supply and will form a more balanced market.

OPEC forecast data seem much more optimistic than the International Energy Agency (IEA), published on 10 July According to the IEA the global economy after Q1 of 2015 gradually reduces oil consumption and this trend continued until 2016. The growth in global oil demand is expected to fall to 1.2 million barrels per day in 2016, an average of 1 4 this year, according to the IEA Oil Market Report for July. The Oil Market Report also makes emphasis on the impact on demand from the Greek debt crisis and an analysis of the capacity of OPEC.

Negotiations with Iran over its nuclear program and the removal of the embargo also remain a leading psychological factor. And constantly exert pressure on expectations of global supply.

On the demand side, crude oil futures are highly dependent and China - the second largest oil consumer in the world after the US. Fears that the stock crash more than 30% may be transferred to the real sectors of the Chinese economy will severely affect the markets and demand expectations. So far, however, the collapse seems to be contained.

Meanwhile, the notional price BFOE (Brent, Forties, Oseberg, Ekofisk) for the first time in a week, today reached an increase of + 0.7% to $58/barr.