Brent Oil to rise to $85 in the first half of 2024 – Commerzbank

The price of Brent Crude Oil fell briefly below $80 per barrel in mid-November, its lowest level in four months. Strategists at Commerzbank analyze Oil’s outlook.
Oil price with upside potential
We expect the price of Brent Oil to rise to $85 per barrel in the first half of 2024.
The Oil market is likely to tighten again over the course of next year, which suggests a further price increase to $90 by the end of 2024.
Author

FXStreet Insights Team
FXStreet
The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

















