FXStreet reports that economists at OCBC Bank discuss the prospects for Brent.

“The demand recovery path is not expected to be linear, with the on-off risks of travel restrictions and vaccine manufacturing infrastructure likely to dominate the landscape in early 2021.”

“Supply will likely outstrip demand in Q1 till mid-Q2 and Brent may search for a bottom at $45/bbl. From late Q2 on, we expect the wide distribution of a vaccine to lift fundamental demand, resulting in a supply deficit and lifting Brent to $55/bbl by year-end.”