Brent crude is expected to reach $ 60 a barrel

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Friday, July 03, 2020 - 18:44
Point Trader Group

Experts at Capital Economics expected on Friday that Brent crude prices will rise to levels of $ 60 a barrel by the end of 2022 from their current levels of $ 42, despite the slowdown in demand for crude oil in light of OPEC  cuts.

Experts at the bank indicated that it is likely that oil prices will not rise quickly, and that recovery in demand for crude oil will be slow, especially with the increase in the numbers of infections with the Corona virus again, which may raise concerns about a second wave of the virus.


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