Baltimore, MD -- (SBWIRE) -- 09/30/2016 -- The news that all have been waiting for is out now; and finally, after a long wait, the oil prices will start increasing by the end of 2016. According to Money Morning experts, the oil price crash is coming to an end in 2016. This is an amazing news for thousands and millions of people; especially, who are directly linked with fall and rise of oil prices.
According to one of Money Morning's most experienced and highly qualified analyst - Dr. Kent Moors, the WTI crude oil price is currently in a sustainable range, and could hit the mid-$50 per barrel by the end of 2016. He forecasts that WTI crude oil prices will climb to the low $60 per barrel range in 2017 and sees Brent oil prices per barrel in the mid $60s next year.
This is fantastic news for Investors especially, as they can finally benefit from investing in WTI crude oil. With this amazing news, investors can finally start planning their investments and recovery of their losses as well - which may have incurred due to the sudden fall in price in February, when the price of the U.S. benchmark West Texas Intermediate (WTI) hit a historic low of $26.21.
"After a horrible oil price crash in February, when the prices hit a historic low of $26.21 and the investors faced huge losses, oil prices are finally expected to rise by the end of 2016, and by the mid of 2017 high price sustainability is expected, this is a fantastic news for many, as sustainability in oil prices brings sustainability into the economy. So, if you have faced loss due to the unexpected decrease in price in the early months till the mid-end of 2016, don't worry as things will improve during the year end 2016, and sustain a respectable price in 2017", stated the spokesperson of Money Morning, while talking about their newly published Oil Price prediction analysis.
(Read more: http://moneymorning.com/tag/oil-prices/)
This comprehensive analysis also shares other important information like Why are oil prices falling globally?, How do oil prices affect the U.S. economy?, and other important information. So, for the latest information regarding the future oil prices, please go to moneymorning.com/tag/oil-prices/.
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