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Oil Faces 'Punishing Oversupply' and $50s Prices, Macquarie Says
Summary by Financial Post
2 Articles
2 Articles
Oil Faces 'Punishing Oversupply' and $50s Prices, Macquarie Says
(Bloomberg) — Oil is forecast to drop into the $50s-a-barrel range in the coming quarters on expectations for “punishing oversupply” as output expands, according to Macquarie Group, which pared back price outlooks.
·Canada
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NEW YORK: Oil prices are expected to fall to the $50-a-barrel range in the coming quarters, amid expectations of “excessive oversupply” as production expands, according to Macquarie Group, which has cut its price forecasts. Analysts, including Marcus Garvey, said in a quarterly outlook for a wide range of raw materials, “We remain fundamentally bearish on the energy sector,” […]
Coverage Details
Total News Sources2
Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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