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Annmarie Hordern: Brent crude expected to average $81 to $100 over next 12 months
Annmarie Hordern reports that a majority of market participants surveyed by Bloomberg Intelligence expect Brent crude to average between $81 and $100 a barrel over the next 12 months.
The survey also reveals that almost two-thirds of respondents believe oil will maintain a lasting risk premium of $5 to $15 per barrel for years to come, with few anticipating it will exceed that range.
In earlier reports, Annmarie Hordern noted that U.S. nonfarm payrolls increased by 115,000 last month, surpassing expectations for job growth. She also reported that China is considering U.S. corn, soybeans, sorghum, and distillers dried grains in trade discussions. These developments have contributed to market sentiment alongside recent oil price forecasts.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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