Nordea: Oil prices hit the bottom

Oil prices have reached the bottom, assume analysts from Nordea Bank. According to their forecast, in the fourth quarter of 2016 Brent will cost about $50 per barrel, and for the full 2015 average price is $41 per barrel, reported Bloomberg. Quotations of the May futures for Brent crude on London's ICE Futures exchange increased by $1.1 (2.97%) - up to $38.17 per barrel.
Contract prices for WTI for April in electronic trading on the New York Stock Exchange (NYMEX) at this time increased by $0.95 (2.75%) - up to $35.52 per barrel.
Meanwile, Azerbaijan supported the initiative of Russia and a number of OPEC members to freeze oil production in 2016.