WTI projected at $81 in H2 and $80 in 2024 – BMO Oil WTI Banks
One should expect the drumbeat of $90 or $100 predictions to pick up in the coming weeks. Reaching these levels, at least temporarily, is not a tall order given Crude Oil is the most intensely speculated commodity, which helps explain its high degree of price volatility.
The price of crude oil has some solid wind in its sails, but it still has many challenges ahead. As a result, we remain comfortable with our current WTI projections of $78 for the whole of 2023 and $80 in 2024 but acknowledge that the balance of risks has tilted more to the upside.Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2024 Ford Mustang GT, 2024 Subaru BRZ tS, 2024 Ford Bronco Sport: Today's Car NewsWe drove the 2024 Ford Mustang GT and played with its many performance and tech toys. It takes some experimentation to get the launch control right, using the line lock can instantly engulf this pony in a cloud of tire smoke, and the Remote Rev feature is a neat party trick. It's a tech-filled muscle car turned sports car, and it's a blast with the V-8. The...
Read more »
US shale firm CEO predicts $80-$100 a barrel of oil through 2024Oil prices will range between $80 and $100 a barrel this year and next as demand outpaces supply, Scott Sheffield, chief executive officer of top shale firm Pioneer Natural Resources , said on Wednesday, citing output cuts by Saudi Arabia and underinvestment by U.S. producers.
Read more »
2024 Toyota Land Cruiser 2024 to be unveiled August 1 | Car News | Auto123The 2024 Toyota Land Cruiser Toyota is almost here: Toyota has fixed August 1st as the date it will to unveil the next generation of the SUV.
Read more »
2024 Toyota Land Cruiser, 2024 Porsche 911 S/T: Car News HeadlinesThe return of the Land Cruiser, a special-edition 911, and a future Cadillac EV all made headlines today.
Read more »
2024 Audi SQ8 E-Tron, 2024 Lexus RX 450h+: Today's Car NewsAudi's electric mid-size SUV, Lexus' second plug-in hybrid, and the BMW iX2 all made headlines today.
Read more »
2024 Toyota Land Cruiser vs. 2024 Toyota Tacoma: Twinsies, Kinda?We put the new 2024 Toyota Land Cruiser SUV against the new 2024 Toyota Tacoma midsize truck to discover their similarities, differences, and surprises.
Read more »