Brent Crude Oil To Trade Lower In The Next Year According To Danske Bank's Economists


Economists at Danske Bank expect Brent Crude Oil to trade lower in the next year. The price could fall as low as $80 in the fourth quarter.
“We revise lower our oil price forecast and look for Brent to average $90/bbl in H1 next year and fall to $80/bbl in Q4.”
“Global inflation pressures have started to ease, in particular in the US, and Russia looks able to continue to sell oil to the Asian market. A rebound of USD will further weigh on prices.”