- Analytics
- News and Tools
- Market News
- Oil prices to soar towards $145 the market not see replacement supply for Russian product – TDS
Oil prices to soar towards $145 the market not see replacement supply for Russian product – TDS
Crude Oil prices rallied and hovered near $110. Another move higher could easily happen if either sanctions or some sort of Russia-Ukraine war-related event reduces shipments, strategists at TD Securities report.
Oil price at $110 or higher may not be sustainable long-term
“Any additional sanctions or unanticipated supply interruption could easily see prices surge still higher in the near-term, as this would augment the already significant concern of a large deficit, and there are few alternatives. Under these conditions, it would not be surprising to see key benchmark crudes jump to around $145.”
“The redirection of crude flows, larger OPEC production quotas, more US shale output and demand destruction could force prices back to below the $100 longer-term. Certainly, an eventual easing of geopolitical tensions in Europe would do the job to rebalance the market too.”
© 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
