The price of north sea brent crude oil is now around $ per barrel and indications are that it might not come down to the OPEC target levels of $ - $ per barrel in the near future. The futures price also indicates that the oil price will stay near the $ per barrel level.
The adjustments in production and inventory in IT-related sectors, which triggered the temporary pause, appear to have run their course, and domestic private demand, such as business fixed investment and private consumption, has been stronger than expected.