• Brent could test the low $80s if macro concerns continue to weigh on prices – Rabobank

Noticias del mercado

3 noviembre 2023

Brent could test the low $80s if macro concerns continue to weigh on prices – Rabobank

Overall, crude oil and refined products have traded sideways for the month of October. Economists at Rabobank analyze Brent’s outlook.

Brent will touch, but not average, $100 at some point in Q4 2023 or Q1 2024

Should gasoline demand continue to weaken, it would be a signal that the economic outlook has also worsened, sparking a financial sell-off of Brent and WTI of $10-12/bbl. However, this will be mitigated by the long-term physical outlook and ongoing geopolitical issues.

If macro concerns continue to weigh on prices, we could see the low $80s for Brent. 

We still believe that Brent will touch, but not average, $100/bbl at some point in Q4 2023 or Q1 2024.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: