Talk of a slump in growth in China is exaggerated, and low oil prices are the new normal that the world economy must get used to, Augustin Eden, a research analyst at UK-based online trading provider Accendo Markets told Radio Sputnik.
"I think we're due to see oil lower for longer because now we've got shale, and that's the main reason why crude prices have come down so much and that's why they're going to stay down."
"This is all about a fight against shale and whenever oil goes up, if oil goes back up into the 50s, you'll have US shale producers switching on their rigs again and Saudi Arabia will come out and dump a whole load more oil onto the market to shore up its market share."
"We're entering a new normal, I think. Again, stability is what people are looking for, they're not necessarily looking for a return to those high levels, they're just looking for a stabilized price that isn't falling long-term, that's that puts the pressure on inflation expectations."
"That should come about naturally, systems find their natural levels and we shouldn't try and fight that. The longer people try to artificially shore up markets in that way, the longer it's going to take to reach that normal that everyone is looking for."