- Brent to average $90 this year, implying higher Oil prices in the coming months – OCBC
Market news
23 June 2023
Brent to average $90 this year, implying higher Oil prices in the coming months – OCBC
Strategists at OCBC Bank discuss Brent Crude Oil outlook.
Brent Crude Oil to trade in a range-bound manner in the near term
We maintain our forecast for Brent Crude Oil prices to average ~$90/bbl this year implying higher Oil prices in the coming months.
That said, in the near term, we expect Brent Crude Oil to trade in a range-bound manner ($70-80/bbl) as demand concerns outweigh supply considerations.
See: WTI to approach the $90 mark in the latter part of the year – TDS
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