Brent Oil to average $92 in Q4 – Deutsche Bank
The post Brent Oil to average $92 in Q4 – Deutsche Bank appeared on BitcoinEthereumNews.com. Strategists at Deutsche Bank see Brent at $92/bbl in Q4. Brent could reach $100 Looking into the fourth quarter, we expect a supply-demand deficit of -1.1 mmb/d to follow the -1.4 mmb/d in Q3. Our base case is that Brent Crude Oil prices average $92/bbl in Q4 (up from $85/bbl previously). However, a median Brent quarterly range of 22% relative to the midpoint is wide enough to encompass the possibility of Brent reaching $100/bbl. See: Oil prices unlikely to surge materially above $100 – TDS Source: https://www.fxstreet.com/news/brent-oil-to-average-92-in-q4-deutsche-bank-202310180804
The post Brent Oil to average $92 in Q4 – Deutsche Bank appeared on BitcoinEthereumNews.com.
Strategists at Deutsche Bank see Brent at $92/bbl in Q4. Brent could reach $100 Looking into the fourth quarter, we expect a supply-demand deficit of -1.1 mmb/d to follow the -1.4 mmb/d in Q3. Our base case is that Brent Crude Oil prices average $92/bbl in Q4 (up from $85/bbl previously). However, a median Brent quarterly range of 22% relative to the midpoint is wide enough to encompass the possibility of Brent reaching $100/bbl. See: Oil prices unlikely to surge materially above $100 – TDS Source: https://www.fxstreet.com/news/brent-oil-to-average-92-in-q4-deutsche-bank-202310180804
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