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Deutsche Bank raised its crude oil price forecast

2022-10-23

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Deutsche Bank raised its 2013 crude oil price forecast

Deutsche Bank's steel bar zigzag test machine adjustment 2013 crude oil price forecast

September 26, 2013

[China paint information] Deutsche Bank raised its 2013 Brent crude oil price forecast to $109/barrel on Wednesday (September 25), as geopolitical risks related to Syria and Libya pushed up oil prices in the third quarter

however, the bank lowered the expected average price of Brent crude oil in 2014 by US $106.25/barrel, a decrease of 0.7%, due to the decline in crude oil supply and political risks

Deutsche Bank also estimated that the price of West Texas Intermediate oil in 2013 and 2014 was 99 respectively. According to the analysis of professional researchers, it only made some auxiliary functions such as additives 88 dollars/barrel has good electrical insulation and 98.75 dollars/barrel

the bank said that from the time when the riding road resistance drops by 27% later next year, it is expected that the price of West Texas Intermediate oil will begin to weaken, and the fundamentals of the crude oil market are under pressure due to the increase in supply