Brent Crude Oil should cost $95 again by the middle of 2023 – Commerzbank Oil Brent Banks OPEC
market. Strategists at Commerzbank expect Brent Crude Oil to rise again in 2023 and trade around $95 by the middle of the year.“We are convinced that oil prices will rise again strongly in the first half of next year, as the situation on the oil market is likely to tighten considerably.”
“In the unlikely event that prices do not recover, we expect further production cuts by OPEC+. In addition, the US government has announced its intention to replenish strategic reserves at a WTI price around $70. This should counteract a further slide in the WTI price.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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