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Citi raises oil price forecast, saying Brent crude could hit $90 a barrel this winter

 Last Update: 2023-03-27
 Source: Internet
 Author: User

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Analysts such as Citi's Ed Morse noted in a note that they raised their fourth-quarter Brent crude price forecast to $85 a barrel and said oil prices could hit $90 a barrel
this winter.

Inventory consumption is expected to be 2.
1 million b/d in the fourth quarter, potentially bringing inventory days to a record low
.

OPEC+ is still sticking to its earlier production increase, but it may also adjust to 800,000 b/d or more
per month.

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