Azerbaijan, Baku, August 11 / Trend , A.Badalova /
Oil prices on the world markets in the near future will continue its fluctuating dynamics, said the analysts of Capital Economics, one of the leading economic research consultancies in the UK.
"Oil prices have registered fresh highs for the year on concern about tight supply and expectations of economic recovery. That being said, speculative positioning in favour of oil has receded. The rally in oil prices is likely to falter," the report by the British analysts says.
As a result of trades on the London Stock Exchange on August 10 the September contract for North Sea Brent crude oil fell by $0.09 to $73.5 per barrel. At the auction on the New York Mercantile Exchange the quotations of futures for U.S. WTI light crude oil with delivery in September fell by $0.33 to $70.6 per barrel.
According to the forecasts of Capital Economics analysts, the average price of Brent over 2009-2011 will remain at $50 per barrel. Earlier, the analysts predicted average price of oil this year at $60 per barrel.
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