Three from OilPrice:
November 30:
- In a new report from JP Morgan, analysts are predicting $125 oil next year and $150 oil in 2023
- This bullish forecast is driven by the belief that OPEC has a limited capacity to increase oil production
- According to CNN, such a rise in the price of crude could send gasoline to $5
...MUCH MORE
December 1
Jefferies: Fully Reopened World Could See $150 Oil
- Jefferies: In a really fully reopened world, the oil price could go to a $150 dollars because the supply constraints are dramatic
- Jefferies: Much higher oil prices would escalate the inflation fears
...MUCH MORE
And the odd one out:
December 1
Deutsche Bank Bucks Bullish Oil Predictions
Deutsche Bank expects crude oil prices to drop considerably next year, dipping below $60 per barrel in New York, the bank said in a note.
"It would be misguided to think of an OPEC pause on Thursday as bullish, since we have assumed that in our model and still end up with a surplus in Q1," the Deutsche analysts said, as quoted by Bloomberg. "We would be sellers of a rally in crude on the back of an OPEC pause," they also said....
...MUCH MORE
