Latest note on oil from Bank of America/Merrill Lynch 21 Feb
- dropping to $60bbl in 2019 as US supply responds and OPEC starts to unwind the supply deal
- Brent ave through to 2023 $50-70bbl
One for our oil traders but posting for general info. Make of these bank forecasts what you will.
Brent currently having a good session and $64.91 just off session highs of $65.03 from $64.25 lows but oil prices still steady overall in relative terms.
