Synopsis
International crude oil prices have surged to their highest ranges in 13 months just lately, led by a robust demand outlook due to restoration in world economies in addition to provide disruptions within the Middle East.
Mumbai: Leading brokerages akin to Morgan Stanley and Goldman Sachs count on crude oil prices to contact $70-75 a barrel this yr pushed by decrease anticipated inventories and better marginal prices. These brokerages consider that the oil market has been undersupplied this yr and oil prices will see a pointy uptick ultimately.Goldman Sachs estimates Brent crude oil prices will contact $70 a barrel and attain $75 a barrel within the third quarter.“…oil
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Sign in to learn the total article
You’ve acquired this Prime Story as a Free Gift
Yearly
(Save 49%)
₹2499
15
Days Trial
+Includes DocuBay and TimesPrime Membership price ₹1499 & ₹999 resp.
2-Year
(Save 63%)
₹3599
15
Days Trial
+Includes DocuBay and TimesPrime Membership price ₹1499 & ₹999 resp.
Already a Member? Sign In now
Why ?
Sharp Insight-rich, Indepth tales throughout 20+ sectors
-
Access the unique Economic Times tales, Editorial and Expert opinion
-
Clean expertise with
Minimal Ads -
Comment & Engage with ET Prime group -
Exclusive invitations to Virtual Events with Industry Leaders -
A trusted workforce of Journalists & Analysts who can greatest filter sign from noise