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Brent oil: Barclays lowers its 2023 price forecast to $84 (from $87), raises 2024 forecast

Barclays lowered its Brent oil price forecast for this year to $84 per barrel down by $3 from its previous forecastits Q4 estimate of $92 a barrel Brent remained unchanged Barclays expects a deficit of 670,000 barrels per day (bpd) on the oil market this year, and a 250,000 bpd deficit next year“A tussle between key producers and consumers is visible in the G-7 efforts to cap Russian export prices and OPEC+ announcing significant voluntary adjustments to output”For 2024, Barclays raised its Br... Read More

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Brent

Oil

Barclays

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2023

Price

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Posted: Aug 30 2023, 20:25

Author Name: forexlive

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