Saxo Bank: Oil prices will reach $ 90 per barrel in 2020


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Saxo Bank analysts have made shocking predictions.

Danish investment bank Saxo Bank has made shocking forecasts for 2020, according to Sputnik.

The bank releases its forecasts every year and although their probability is low, their potential consequences jeopardize the stability of the financial markets. Saxo Bank analysts predict that Russia and OPEC and Iran will respond to the slowdown in US oil production and announce a gradual decline in oil production that will affect oil prices. Thus, Brent oil prices will rise to $ 90 per barrel, which is profitable for Russia in the first place.

According to experts, Trump's protectionist policies will lead to taxation, which is seen as a stimulus to domestic production to rebuild the entire tax system.

Analysts in the report also predicted the upcoming US presidential election. According to experts in the 2016 US presidential election, most of the elderly voted for Trump. But now people between the ages of 20 and 40 make up the more populous generation with more liberal morals.

According to the head of Saxo Bank's investment section, Democrats who support youth will win the next US presidential election by 20 million votes. Massachusetts Senator Elizabeth Warren will become President of the United States.

Elizabeth Warren, a 69-year-old Democrat, holds a doctorate in law from Harvard Law School. She served in the 2016 US presidential election in favor of Hillary Clinton, the Democratic nominee.

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