The ongoing vaccine roll out, reopening of economies and growing inflationary pressure has brightened the outlook for oil prices, in the view of economists at Danske Bank. Oil recovery to continue in the second half of 2021 “Vaccines roll out, reopening of economies, strong support from monetary and fiscal policy and a relatively weak dollar all creates a sound back drop for global oil demand.” “OPEC+ has started normalising its oil output, which will ease the upside potential for oil prices from the sound demand backdrop.” “We have revised our oil price forecasts higher and now expect Brent to average $65/bbl in Q2 (from $55/bbl), $70bbl in Q3 and Q4 (from $60/bbl (and $72.5bbl in 2022 (from $65/bbl).” 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 Bitcoin Weekly Forecast: Institutional wave of BTC adoption follows new all-time highs FX Street 2 years The ongoing vaccine roll out, reopening of economies and growing inflationary pressure has brightened the outlook for oil prices, in the view of economists at Danske Bank. Oil recovery to continue in the second half of 2021 "Vaccines roll out, reopening of economies, strong support from monetary and fiscal policy and a relatively weak dollar all creates a sound back drop for global oil demand." "OPEC+ has started normalising its oil output, which will ease the upside potential for oil prices from the sound demand backdrop." "We have revised our oil price forecasts higher and now expect Brent to average… 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.
