Commerzbank forecast Brent oil to $95 by the end of 2022

Commerzbank forecast Brent oil to $95 by the end of 2022

Commerzbank on oil, looking for a range in the near term and then down: expect that the price of Brent oil will continue to fluctuate between $100

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Commerzbank on oil, looking for a range in the near term and then down:

  • expect that the price of Brent oil will continue to fluctuate between $100 and 115 per barrel in the current quarter
  • then falling in the H2 of this year

By year-end Commerz are looking for:

  • Brent should be trading at $95
  • based on the assumption that there will be an EU oil embargo on Russian oil. This would increase demand for non-Russian oil, which would also have a price-increasing effect and thus justify a somewhat higher oil price level in the second half of the year than we have expected so far

    brent oil 26 May 2022

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