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- WTI to remain below the $70 mark for the remainder of 2021 – TDS
WTI to remain below the $70 mark for the remainder of 2021 – TDS
FXStreet reports that strategists at TD Securities discuss WTI oil prospects.
“Based on the lower demand projections due to the new wave of COVID and the production increases by OPEC+, WTI should continue to trade below the $70/b mark for the majority of the remainder of the year. In short, traders will react to the fundamentals which flipped from projected deficits in H2-2021 to modest surpluses moving forward.”
“A drift toward the recent lows of $60-65/b is quite possible on any additional developments which could drive demand lower or supply higher.”
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