Economists at Danske Bank expect oil prices to trade above $100 throughout the rest of 2022 and then slide to $95 in 2023.

Oil to remain resilient over coming months

“We stick our view that oil price will stay above $100/bbl the rest of the year and then drop to $95/bbl next year.” 

“A stronger USD, weaker global economy and potential for new suppliers to come to the market and reap the benefit from higher oil prices are the main factors behind our projection.”