- Analytics
- News and Tools
- Market News
- Brent to bottom at $45 in Q1 before surging to $55 by end-2021 – OCBC
Brent to bottom at $45 in Q1 before surging to $55 by end-2021 – OCBC
FXStreet reports that economists at OCBC Bank discuss the prospects for Brent.
“The demand recovery path is not expected to be linear, with the on-off risks of travel restrictions and vaccine manufacturing infrastructure likely to dominate the landscape in early 2021.”
“Supply will likely outstrip demand in Q1 till mid-Q2 and Brent may search for a bottom at $45/bbl. From late Q2 on, we expect the wide distribution of a vaccine to lift fundamental demand, resulting in a supply deficit and lifting Brent to $55/bbl by year-end.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
