Oil predicted to rise to $ 60 per barrel this week – Rambler / finance



Bank of America oil and gas analyst Karen Kostanyan believes that due to the growth in global demand, oil prices may reach $ 60 per barrel this week or next. He also noted that the actions of OPEC + can keep the quotes at the levels reached, Prime writes.

At present, the price of March futures for the North Sea Brent oil mixture is $ 56.7 per barrel.

Kostanyan noted that in the second half of 2020, 70% of the oil demand lost during the crisis was restored. By mid-2022, demand will return to 2019 levels, he said.

According to the analyst, the results of the last OPEC + meeting, at which Saudi Arabia agreed to voluntarily increase the volume of oil production cuts in February and March, have a positive effect on oil quotes.

“This OPEC + decision shows that, in principle, the cartel is determined to maintain oil prices in any case, and all disagreements can be resolved in principle, and there will be no repeat of March last year,” the expert noted.

Previously, Rambler reported that Brent crude rose in price to its highest level since February 2020, exceeding $ 57 per barrel.

Video of the day. Interregional housing demand has skyrocketed

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Bank of America oil and gas analyst Karen Kostanyan believes that due to the growth in global demand, oil prices may reach $ 60 per barrel this week or next. He also noted that the actions of OPEC + can keep the quotes at the levels reached, Prime writes.

At present, the price of March futures for the North Sea Brent oil mixture is $ 56.7 per barrel.

Kostanyan noted that in the second half of 2020, 70% of the oil demand lost during the crisis was restored. By mid-2022, demand will return to 2019 levels, he said.

According to the analyst, the results of the last OPEC + meeting, at which Saudi Arabia agreed to voluntarily increase the volume of oil production cuts in February and March, have a positive effect on oil quotes.

“This OPEC + decision shows that, in principle, the cartel is determined to maintain oil prices in any case, and all disagreements can be resolved in principle, and there will be no repeat of March last year,” the expert noted.

Previously, Rambler reported that Brent crude rose in price to its highest level since February 2020, exceeding $ 57 per barrel.

Video of the day. Interregional housing demand has skyrocketed

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Bank of America oil and gas analyst Karen Kostanyan believes that due to the growth in global demand, oil prices may reach $ 60 per barrel this week or next. He also noted that the actions of OPEC + can keep the quotes at the levels reached, Prime writes.

At present, the price of March futures for the North Sea Brent oil mixture is $ 56.7 per barrel.

Kostanyan noted that in the second half of 2020, 70% of the oil demand lost during the crisis was restored. By mid-2022, demand will return to 2019 levels, he said.

According to the analyst, the results of the last OPEC + meeting, at which Saudi Arabia agreed to voluntarily increase the volume of oil production cuts in February and March, have a positive effect on oil quotes.

“This OPEC + decision shows that, in principle, the cartel is determined to maintain oil prices in any case, and all disagreements can be resolved in principle, and there will be no repeat of March last year,” the expert noted.

Previously, Rambler reported that Brent crude rose in price to its highest level since February 2020, exceeding $ 57 per barrel.

Video of the day. Interregional housing demand has skyrocketed




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