Brent Oil to surge towards $122 over coming months – ING Oil Brent RussianFederation Banks
rategists at ING, the move is still relatively supportive for the market, thus, Brent Oil forecasts have been received higher.“A gradual ban on Russian oil means that the strength in the market shouldn’t be as abrupt as it could have been had we seen an immediate ban. Instead, we expect prices to trend higher through the course of the year.”
“Clear upside risks to our 2023 forecasts include potential secondary sanctions on Russian oil and US sanctions against Iran staying in place over 2023.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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