Barclays lowers 2024 Brent oil price forecast to $93/b on demand concerns
November 8, 2023 Comments Off
Barclays lowered its oil price forecast for Brent crude futures next year by $4/b to $93/b on Nov. 8, but noted that the recent selloff in global oil prices may be overdone. Platts, part of S&P Global Commodity Insights, assessed the physical Dated Brent crude benchmark at $84.71/b on Nov. 7, its lowest since Aug. 24, as a weakening demand…
Barclays lowers 2024 Brent oil price forecast to $93/b on demand concerns
Barclays lowered its oil price forecast for Brent crude futures next year by $4/b to $93/b on Nov. 8, but noted that the recent selloff in global oil prices may be overdone. Platts, part of S&P Global Commodity Insights, assessed the physical Dated Brent crude benchmark at $84.71/b on Nov. 7, its lowest since Aug. 24, as a weakening demand…
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