Ekonomické zprávy
15.10.2021

Brent oil may trade as high as $100/bbl in the depth of winter - TDS

FXStreet reports that strategists at TD Securities suggest that Brent oil could soar as high as $100/bbl.

“We project that the world will see a deficit in the last three months of 2021 and likely in early winter months of 2022.”

“With distillate product inventories at below the five-year average and significantly below normal natural gas stocks in Europe and Asia, an unusually cold winter can significantly increase the call on petroleum products which could see Brent, at least for a time, hit $100+/bbl, along with strength in fuel oils.”

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