Today, Citigroup investment bank analysts have released updated forecasts regarding the prospects for oil prices in the current year.
From the updated material, it follows that on average this year the barrel of oil of the Brent reference grade will be valued at $70. According to the results of the second quarter, Brent is expected to cost $69 per barrel, which is $9 more than the previous assumption.
Based on the forecast, the barrel will cost $74 in the third quarter and above the previous expectation by 11 dollars.
In Q4, the price is expected to decline to $72 and the forecast is $5 above the previous estimate.
According to the results of Q1 2020, Brent will be valued at $ 65 per barrel.
Explaining the upward revision of the forecast, the experts identified among the reasons for the further decline in oil supply from Iran, Nigeria, Algeria, and Venezuela, as well as the continuing reduction in stocks of raw materials in consuming countries. In Venezuela, where recently a large-scale blackout paralyzed the country's economy, the risks of a repeated power outage remain. In addition, the United States can tighten sanctions on oil exports from Iran.
As a result, the cost of futures for May on Brent crude oil sank by 0.18%, amounting to 68.92 dollars per barrel at around 10:25 London time.
IBM 的股價持續攀升,技術圖表信號顯示其可能朝向 $265.90 水平發展。受到公司強勁表現和利好的技術背景的支持,投資者對該公司股票表現出興趣。
由於突破關鍵技術水平,Citigroup的股價正在穩步上漲,顯示有繼續上升的潛力。在金融行業出現穩定跡象的情況下,市場參與者認為該銀行的股票具有吸引力。
由於市場對華盛頓與北京貿易談判可能取得進展抱有樂觀情緒,美國股票指數正持續上升。投資者寄望最終達成協議,這可能緩解地緣政治緊張局勢,並為市場注入新的動力。
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