- Analytics
- News and Tools
- Market News
- Brent Crude Oil set to hit the $100 level by December – UBS
Brent Crude Oil set to hit the $100 level by December – UBS
Crude prices rose for the eighth consecutive week last week amid continuing tensions over Ukraine. Oil is one of the most preferred assets in the global strategy of analysts at UBS who expect Brent Oil to reach the $100 level by year-end.
Oil to turn lower in the near-term on de-escalation of the crisis
“A further escalation could push up crude prices, particularly in the event of any supply disruption.”
“Any progress toward a peaceful resolution could lead to a near-term setback in prices toward the bottom of our expected range at $90/bbl.”
“Regardless of the situation in Ukraine, we think the outlook for oil remains positive, with prices likely to be supported by a fundamental imbalance in the global energy market.”
“We maintain our view that oil prices will continue to rise in the coming year and into 2023. We recently raised our Brent crude price forecasts to $95/bbl by June and $100/bbl by December.”
© 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
