What is happening with the price of Oil?
Accompanying the price of a barrel of WTI oil, it is perceived that it grew by 49.41% in 2016, going from US$ 35.62 to US$ 53.22, and now to US$ 53.62 in the first days of 2017.
The value of the WTI barrel is still far below what it has achieved in the past (US$ 154.38 in June 2008).
According to the latest movements in the international political scene and the major producing countries, there is a trend that in the next 18/24 months the price will regain some of the value lost since 2008.