Commerzbank cuts oil price forecasts to reflect bearish market sentiment – Reuters
- Date: 08-Jul-2023
- Source: Reuters
- Sector:Financial Services
- Country:Saudi Arabia
Commerzbank cuts oil price forecasts to reflect bearish market sentiment – Reuters
July 7 (Reuters) - Commerzbank on Friday cut its 2023 and 2024 oil price forecasts, reflecting pessimism in the market over the economic outlook despite supply cuts from key producers that could contribute to a deficit.
The bank lowered its end-2023 Brent forecast to $85 per barrel from $90 previously, and its forecast for WTI to $80 per barrel from $85.
It also trimmed its 2024 Brent and WTI price forecasts by $5 to $90 and $85 per barrel respectively.
Select Sector 
Select Country 
