Tag Archive: ‘Shocking’ 2016 predictions: $100 crude

‘Shocking’ 2016 predictions: $100 crude, strong ruble

A hundred dollar oil and the rise of the Russian ruble are among the events that would shock global markets next year, according to Saxo Bank’s thirteenth annual “Outrageous Predictions” for 2016. Among the 10 events that could significantly affect next year’s financial landscape analysts see would be oil’s brief but drastic return to $100 per barrel on the back of OPEC’s turmoil. According to Saxo Bank, the global geopolitical situation will make the Russian ruble the most successful currency in 2016. The ruble is predicted to rise 20 percent against the US dollar by the end of next year…. View Article