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Oil price forecast: Brent crude expected to reach $80/bbl on a 3 month time horizon

Oil price forecast: Brent crude expected to reach $80/bbl on a 3 month time horizon

News
Eamonn Sheridan
21/11/2023 | 23:16 GMT
  • 2024 may bring a touch more weakness as market balances loosen.

Via Bloomberg overnight comes analysis from Citi on oil:

  • price should find support in the year-end
  • tentatively forecast Brent crude at $80/bbl (3-month horizon)
  • 2024 should bring some weakness as balances loosen somewhat
Barrel of oil leaking
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