DBS Bank strategists raise their oil price forecasts for the coming quartersas the winter months could see a higher demand for oil due to switching to gas for heating purposes. Oil markets look far beyond concerns in China “Taking into account the increase in gas prices and the possible increase in oil demand from 0.5 […]
Tag: Brent
Brent oil will fall back to $ 70 by the end of 2021 after hitting a high of $ 80
Capital Economics strategists expect the price of Brent reaches a peak in the third quarter around $ 80 per barrel, before falling back in the fourth quarter and throughout 2022 when supply recovers.. Key Comments: “Oil supply will remain limited for some time. The renewal of current OPEC + production cuts and the fact that […]
Brent crude accelerates higher, next stop at $ 71.75 – Credit Suisse
Brent Crude Oil has broken through a lot of medium-term resistance levels clustered between $ 59.82 and $ 60.00 and the Credit Suisse strategists expect a next move towards $ 71.75. “Brent Crude has forcefully broken its bullish ‘flag’ continuation pattern and has seen its expected breakout above the 78.6% retracement and February 2020 high […]
Brent will hit the $ 65 level this summer
“We are increasing our tight oil forecast and now Brent prices are expected to hit $ 65 / barrel this summer instead of year-end“Goldman Sachs analysts noted in their latest commodities report. Key Comments: “With the implementation of vaccines around the world, the probability of a rapidly narrowing market from the second quarter of 2021 […]
Brent oil begins to gain bullish momentum with room to move towards $ 60
Brent crude oil It is gaining momentum to the upside after being in range for months and Credit Suisse strategists see scope for the strength to extend towards $ 60 if the market sees a weekly close above the August high of $ 46.53. Key takeaways “Brent crude has risen sharply after maintaining the 38.2% […]
