Brent Oil to tank towards $95 by year-end – Commerzbank Oil Brent Banks
Brent Oil to fluctuate between $100-$115 in the current quarter
“By the end of the year, Brent should be trading at $95. This is based on the assumption that there will be an EU oil embargo on Russian oil. This would increase demand for non-Russian oil, which would also have a price-increasing effect and thus justify a somewhat higher oil price level in the second half of the year than we have expected so far.”
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