- Analytics
- News and Tools
- Market News
- A barrel of Brent Oil should cost $90 at the end of the year – Commerzbank
A barrel of Brent Oil should cost $90 at the end of the year – Commerzbank
The price of a barrel of Brent Oil has been trading below $100 most of the time since the beginning of August. Any attempts at recovery have failed. Strategists at Commerzbank forecast Brent Oil at $90 by end-2022.
OPEC+ signals change of course
“Demand concerns about an upcoming recession in the USA and Europe and the zero-covid policy in China are weighing on prices. Oil demand, which has been quite robust so far, is likely to lose momentum.”
“OPEC+ is considering a production cut. In October, the production volume will already be slightly reduced.”
“A barrel of Brent Oil should cost $90 at the end of the year.”
© 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
