Brent Crude Oil to end 2023 at $80 – Deutsche Bank Oil Brent Banks
has moving back into positive territory on a YTD basis. Economists at Deutsche Bank see prices at $80 by the end of the next year.“Our bias is to the downside in price beyond the next quarter, as we see 2023 global inventory unchanged from Q4 2022 but higher versus the 2022 average.”
“Although supply disruption temporarily lifts Brent to $100/bbl in Q1 2023, prices resume their decline to Brent $80/bbl at year end of 2023.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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