Advertisements

Global Markets: “Oil prices will rebound in 2019” – Wall Street

Most major investment banks are forecasting a rebound in oil prices in 2019. Price forecasts vary widely, but most have both WTI and Brent above current spot prices.

Bank of America Merrill Lync, for instance, sees WTI averaging $59 per barrel in 2019.

Citi is at the bearish end with a $49 price target. For Brent, Barclays says the benchmark will average $72, and a half dozen other investment banks have price estimates within a few dollars of that price.

Advertisements

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: