ANZ sees a scenario where oil prices could return to $100 per barrel
globalreutersMay 16, 20241 Mins read And that in turn would lead oil prices to push higher to $100/BBL. On the flip side though, ANZ is arguing that should OPEC+ choose to remove production cuts, their fair value model would suggest that prices could fall to as low as $75/BBL. For now though, they are seeing the oil market move into a deficit stage next. That is the basis for their forecast of $90/BBL for the second half of this year.
This article was written by Justin Low at www.forexlive.com.
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