Economists at Capital Economics expect the price of Brent Crude Oil to rise as high as $60 by the end of 2022 from the current level around $42 despite a slower demand recovery and a slip of OPEC+ cuts. Key quotes “We doubt that the prices of energy commodities will continue to rise quite so rapidly. Any further recovery in oil demand from here is likely to be slower, and as the recent upturn in coronavirus cases in the US suggests, the road will probably be bumpy.” “Compliance by OPEC+ with output cuts may start to slip. Even so, we expect the price of Brent crude to rise to $60 per barrel by end-2022, from ~$42 at present.” “Futures curves for oil markets have flattened considerably. As such, roll returns should not undermine total returns by anywhere near as much from here. Accordingly, we expect the returns from energy commodities to be fairly good over the coming years, broadly matching those from equities.” 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 European Commission grants conditional clearance to Remdesivir – Reuters FX Street 3 years Economists at Capital Economics expect the price of Brent Crude Oil to rise as high as $60 by the end of 2022 from the current level around $42 despite a slower demand recovery and a slip of OPEC+ cuts. Key quotes “We doubt that the prices of energy commodities will continue to rise quite so rapidly. Any further recovery in oil demand from here is likely to be slower, and as the recent upturn in coronavirus cases in the US suggests, the road will probably be bumpy.” “Compliance by OPEC+ with output cuts may start to slip. Even so, we… 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.
