Oil prices are currently up by more than 25% this quarter. Economists at ING expect Brent to break above $100 in the near term. However, they do not b
prices are currently up by more than 25% this quarter. Economists at ING expect Brent to break above $100 in the near term. However, they do not believe such a move will be sustainable.We expect Oil prices to break above $100 in the near term as supply cuts by OPEC+ countries more than offset weaker demand due to the global economy’s slowdown.
However, we don’t see Oil prices remaining above $100 for long as weaker demand and political pressure to increase supply should help to bring Oil prices back to levels slightly above $90.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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