Brent Oil to tank towards $95 by year-end – Commerzbank Oil Brent Banks
Brent Oil to fluctuate between $100-$115 in the current quarter
“By the end of the year, Brent should be trading at $95. This is based on the assumption that there will be an EU oil embargo on Russian oil. This would increase demand for non-Russian oil, which would also have a price-increasing effect and thus justify a somewhat higher oil price level in the second half of the year than we have expected so far.”
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.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Oil Giant Consultant Resigns, Citing Operations Beyond 'Limits of Our Planetary Systems'\u0022I can no longer work for a company that ignores all the alarms and dismisses the risks of climate change and ecological collapse.\u0022
Lire la suite »
WTI bears in control as EU’s proposed ban on Russian oil looks unlikelyAt $109.54, the price of US oil, or WTI, is down by some 0.8%, falling from a high of $110.50 to a low of $109.20. Meanwhile, crude oil prices have me
Lire la suite »
Palantir, Trafigura aim to track carbon emissions for the oil, metals industryPalantir Technologies Inc and global commodities trader Trafigura have set sights on a new market, their chief executives told Reuters on Monday: tracking carbon emissions for the oil, gas, refined metals and concentrates sector.
Lire la suite »
Oil edges higher on fuel demand but Chinese demand still a concernOil ticks higher Tuesday morning as investors weigh tight supplies of fuel versus concerns around China COVID-19 lockdowns.
Lire la suite »
Three Factors That Will Favor Bitcoin Vs Crude Oil This Decade: Bloomberg’s Chief ExpertBitcoin is likely to keep winning against сrudeoil this decade: mikemcglone11
Lire la suite »