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Good time for oil investment

Good time for oil investment

Nobel Laureate Robert Shiller estimates that a good time to invest in oil will come soon.

According to Shiller prices are very low now and there are many reasons to assume that it will not remain so for a long time.

Yale University finance professor admitted, however, that some markets, seem to him like a bubble right now. In the past 12 months, the US WTI oil trading decreased by 52 per cent., which was due to the global economic slowdown, rising crude production in the US and lack of cuts of OPEC production.