Brent Oil to increase its hunch amid considerations about demand – Commerzbank

Brent has dipped noticeably beneath $100 per barrel this week. Economists at Commerzbank count on this pattern to proceed.

Few provide considerations, however many demand considerations

“Brent is prone to proceed sliding on condition that the recession fears will presumably not abate in the intervening time.”

“Not solely has the IEA downwardly revised its demand forecasts, however it’s also extra optimistic about provide.”