Brent Crude to break through $100 in early Q3 2023, holding around that level into year-end – ANZ Oil OPEC Brent Banks
“A surprise move by OPEC has the potential to push the implied Oil market deficit as deep as 2mb/d in coming months. This is likely to reverse recent Oil price weakness, lifting prices into the northern hemisphere summer.”
“We now expect Brent Crude to break through $100/bbl in early Q3 2023 and likely hold around that level into year-end.”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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