Barclays Slashes Brent Oil Price Forecast To $92

March 8, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Brent Crude prices are expected to average $92 per barrel this year, Barclays said on Wednesday, slashing an earlier forecast by $6 a barrel due to a more resilient Russian oil supply than previously thought. The UK bank also cut its average 2023 WTI Crude forecast by $7 per barrel, to $87. Barclays sees prices next year averaging slightly higher, at $97 a barrel Brent and $92 per barrel WTI. Currently, the oil market is in a surplus of around 800,000 barrels per day (bpd), the bank has estimated, and expects the surplus to turn into a 500,000…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Barclays Slashes Brent Oil Price Forecast To $92

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