The price of Brent Crude has reached $95/bbl, the highest level since November 2022. Economists at UBS analyze Oil’s outlook. Strong fundamentals will
The price of Brent Crude has reached $95/bbl, the highest level since November 2022. Economists at UBS analyze Oil’sOur base case is that the Oil price will not move past $100 a barrel on a sustained basis over the next 12 months, since that would likely result in step up in production from US Oil producers as well as weaken demand growth next year.
But, we do believe strong fundamentals will support Brent around current levels, within a range of $90-100/bbl over the coming months.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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