The Citibank analysts expect a Likely price rebound in Brent oil to continue over the next 18 months. Key quotes “The OPEC+ efforts to curb supplies to persist Near-term loss of US shale oil Brent crude futures to average $48/ barrels in Q4 of this year and average $61/ barrels during Q4 2021. We’re relatively bullish the market going into 2022 because we see relatively strong discipline on the OPEC+ side and we see a postponement of projects and we see lost oil in the world, particularly in North America. Brent futures averaging $59/b in 2022, $55/b in 2023. Sees global oil demand continues to rise as lockdowns ease. But won’t reach 2019 levels before late 2021. inventories will be showing a strong draw by mid-July.” WTI consolidates Wednesday’s 5% drop around $38 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500: Futures stretch losses below 3,050 as risk-off sentiment refrains to abate FX Street 2 years The Citibank analysts expect a Likely price rebound in Brent oil to continue over the next 18 months. Key quotes "The OPEC+ efforts to curb supplies to persist Near-term loss of US shale oil Brent crude futures to average $48/ barrels in Q4 of this year and average $61/ barrels during Q4 2021. We're relatively bullish the market going into 2022 because we see relatively strong discipline on the OPEC+ side and we see a postponement of projects and we see lost oil in the world, particularly in North America. Brent futures averaging $59/b in 2022, $55/b in 2023. Sees… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
