Crude prices may dip near-term, firm up again post June: Natixis

While resolution of the supply outages in markets like Nigeria and Libya could lead to near-term tumble, crude prices are expected to firm up post June-July this year feels Abhishek Deshpande Chief Oil Market Analyst, Natixis.

"The problem is the recent rally has been caused by investor flows and absolute and unprecedented supply outages in some places," Deshpande says, adding, this raises concern that resolution might lead to sell-off in the immediate months.

Natixis expects oil prices averaging around USD 48 a barrel by the end of this year and average USD 58 by the end of the next year, he says.

Long-time bear Goldman Sachs' change in stance gave a big boost to crude oil market. Deshpande agrees to Goldman's theory, saying the true valuation of oil is not totally priced in yet and this might aid in the up move during the later part of the year.