Brent crude prices can still dip below US$60 per barrel despite enjoying a rebound this year underpinned by weather-led supply disruptions and Opec+’s decision to maintain output cuts. Kenanga Research said this was possible due to still fragile demand-supply dynamics with full recovery to pre-pandemic levels expected only in 2023 and inevitability of Opec increasing …
The post Crude oil can still dip below US$60 despite rebound: Kenanga Research first appeared on Hellenic Shipping News Worldwide