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Published 5 months ago

Deutsche Bank Sees Brent Oil Price at $88 by the End of 2024

Summary by Oil Price

A nearly balanced market in the first half of the year and seasonal strengthening of demand in the second half are set to push the price of Brent Crude to $88 per barrel by the end of 2024, according to analysts at Deutsche Bank. “We look for continued OPEC+ discipline in a nearly balanced market for H1, and seasonal strength in H2,” the bank’s strategists wrote in a note on Wednesday carried by FXStreet. With the OPEC+ cuts in the first half of…

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Deutsche Bank Sees Brent Oil Price at $88 by the End of 2024

A nearly balanced market in the first half of the year and seasonal strengthening of demand in the second half are set to push the price of Brent Crude to $88 per barrel by the end of 2024, according to analysts at Deutsche Bank. “We look for continued OPEC+ discipline in a nearly balanced market for H1, and seasonal strength in H2,” the bank’s strategists wrote in a note on Wednesday carried by FXStreet. With the OPEC+ cuts in the first half of…

5 months ago·London, United Kingdom

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