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Macquarie expects oil prices to fall in the second half of the year

 Last Update: 2023-02-22
 Source: Internet
 Author: User

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According to Dow Jones on May 18, although the short-term outlook for oil prices is strong, research analysts at Macquarie Group expect oil prices to fall
in the second half of the year.
Global benchmark Brent crude has averaged $107 a barrel so far in the second quarter, but Macquarie said a possible increase in oil supply from OPEC and other countries would weigh on oil prices in the second half of the year
.
Macquarie said: "We maintain the long-term assumption of $65/b, but reaching this level may be delayed from the first quarter of 2023 to the first quarter
of 2024.
”

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