- Analytics
- News and Tools
- Market News
- WTI to average $100/bbl in 2022 and $85 in 2023 – BMO
WTI to average $100/bbl in 2022 and $85 in 2023 – BMO
West Texas Intermediate (WTI) crude has simmered down just below $100/bbl in recent days. Price volatility is a development that participants will have to learn to cope with for the foreseeable future, according to strategists at the Bank of Montreal, who forecast WTI at $100 and $85 in 2022 and 2023, respectively.
More volatility in store
“Crude oil prices will likely remain extremely volatile until we have a better idea of how the war is going to conclude. For now, our baseline view is that the conflict is going to drag on in the coming months and that official sanctions and self-sanctioning are likely to remain more or less the same.”
“We are comfortable with our current forecast for WTI crude to average $100/bbl in 2022 and $85 in 2023. The lower projection for next year essentially reflects the view that the oil market will become somewhat more balanced due largely to increased supply.”
© 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
