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Prices of oil will be about $60 in the next 4-5 years - the head of Gunvor

Prices of oil within the next 4-5 years will be at the level of 60 dollars for barrel. The head of the Gunvor company Tornbyorn Tornkvist has reported it, speaking at the Summit of the commodity markets in Lausanne, Bloomberg reports his words.  Besides, the head of Gunvor has noted that for the market there was a surprise how extraction of slate oil in the USA was quickly restored.  Prices of oil are in range of 50-52 dollars for barrel since the beginning of March. On March 22 the cost of oil fell lower than 50 dollars for barrel for the first time since November 30 of last year. During the electronic auction in the London and New York exchanges the world prices for oil grow, Gazeta.ru with reference to data of the auction tells today. May futures for light crude of the WTI brand on the New York Mercantile Exchange (NYMEX) have grown by 1,36%, to $48,38 for barrel. At the London's ICE Futures Exchange futures for Brent crude oil with delivery in May have risen by 0,85%, to $51,29 for barrel.

2014