Brent Oil to average $125 in Q2 before diving to $100 in Q4 – Danske Bank Oil Ukraine Brent Banks
market. Strategists at Danske Bank expect Brent Oil to hover around the $125 level in the second quarter and falling to $100 by the end of the year.“The war in Ukraine and subsequent sanctions has tightened the oil market. In our view, it will take time before the market rebalance and it will take a period of high prices to lure in new supply.”
“We now forecast Brent to average $125/bbl in Q2, fall to $100/bbl in Q4 and further to $95/bbl in 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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