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Barclays cuts its 2023 Brent forecast to US$87/bbl (from $92) & 2024 to US$89 (from $97)

Barclays cuts its 2023 Brent forecast to US$87/bbl (from $92) & 2024 to US$89 (from $97)
Barclays says on OPEC:The major objective of OPEC+ will remain preventing a persistent excessAnd that as non-OPEC+ supply growth slows and OPEC+ countries limit output in response to a seasonal increase in demand, analysts at the bank project a supply shortfall for the second half of this year---Earlier re oil:OPEC leaves major newswires off the invite list for the upcoming meetingWTI crude oil futures settles at $68.09andPrivate oil survey data shows large headline crude build vs a draw expecte... Read More
Posted: May 31 2023, 21:26
Author Name: forexlive
Views: 081475

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