Citi analysts improve their forecast for the price of oil and expect WTI to trade at $ 85 with the potential to see rises to the $ 90 zone.
Key statements:
“We revised the oil price outlook for the fourth quarter due to increased demand, lost supply, the shift from gas to oil and price contagion this winter, making inventories even lower sooner. for stocks to recover after the second quarter of 2022. “
“We revised the Q4 2021 price to $ 85, with prices potentially at $ 90 at times. However, the high supply could see prices relax after winter.”
“We expect that shortages in supply chains (production, transport) could affect energy markets throughout the winter, where prices could remain volatile.”
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
