4/16/2010

Quarterly Oil Market Outlook April 2010



Are the oil prices going up or down? The new Global Oil Strength Index will give you the answer!

 

Global Risk Management introduces a new simple index to keep you informed about Global’s forecast on oil prices. The Global Oil Strength Index or GOSI is a single number between 0 and 100 that signals Global Risk Management’s expectations for the oil price development. A reading below 50 indicates a declining trend – above an increasing trend.

 Oil Market Analyst, Thorbjorn Bak Jensen

 

GOSI: 62
 

The index is turning from Neutral to Bullish for oil prices due to improving fundamentals, inflationary pressure and sanction talks.

 

The oil price forecast for 2010 and 2011 is 85 and 96 dollar respectively.

 

Read more about the development in the oil market and our expectations in the report (PDF download) or read more about our reports here.
 

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