#oil #forecasts
🔝OPEC+ is in crisis, oil is up
How far can oil prices rise? For how long will the growth continue? Here’s what analysts think!
UBS: If there’s no agreement, oil will be at $80 a barrel in September.
ING: OPEC’s inability to reach an agreement is a bullish factor for oil prices, although the probability that oil producers won’t reach a deal is low.
FGE: If OPEC fails to reach an agreement, oil will rise towards $85-90 a barrel, but a compromise is likely within the next 1-3 weeks. Until then, oil will be rising.
Rystad Energy: There will be an immediate correction in oil after OPEC+ announces the deal.
❓Do you agree? Do you have buy orders open in XBR/USD or XTI/USD?
🔝OPEC+ is in crisis, oil is up
How far can oil prices rise? For how long will the growth continue? Here’s what analysts think!
UBS: If there’s no agreement, oil will be at $80 a barrel in September.
ING: OPEC’s inability to reach an agreement is a bullish factor for oil prices, although the probability that oil producers won’t reach a deal is low.
FGE: If OPEC fails to reach an agreement, oil will rise towards $85-90 a barrel, but a compromise is likely within the next 1-3 weeks. Until then, oil will be rising.
Rystad Energy: There will be an immediate correction in oil after OPEC+ announces the deal.
❓Do you agree? Do you have buy orders open in XBR/USD or XTI/USD?
