He said some oil analysts are of the opinion that continuation of the current level of falling oil prices will force a number of oil producers to leave the market in the next five or six months even though there are different views about the level of oil which is expected to get out of the market.  

Despite this, it is difficult to predict the prices accurately because it depends on the demand side, he said, adding in case of the balanced demand and supply, oil prices may rebound, hitting 70 to 80 dollars”, he said.

Up to now, no institute or a group has been able to predict the future of oil prices exactly even though sometime predictions come true.

Generally, regarding current situation it is unexpected oil prices start and upward trend. Inappropriate outlook of oil demand, overhang in the market, mild weather and strong dollar are among the factors that make oil prices rebound difficult, Amirmoeini concluded.