Saxo Group Videos

Hansen: Oil rallies but no real recovery until 2016 and here's why!

Oil has rallied recently with WTI seeing its biggest three day gain in 25 years. Here Saxo Bank’s Ole Hansen explains what is driving prices higher and why he thinks a proper recovery won't happen before the end of 2016.

Hansen looks at how the rally may impact Russia, Kazakhstan and Azerbaijan which are some of the producing countries hit the hardest by low oil prices.

Hansen also explains what fundamentals likely to impact the delicate balance between supply and demand in coming months and where he thinks the oil price will go from here.

02:51 minutes
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