Calls for $200 oil have not materialized, Robin Brooks argues

Calls for $200 oil have not materialized, Robin Brooks argues
Oil forecasts miss $200 mark again

Robin Brooks questions recent forecasts for $200 oil, describing such projections as apocalyptic and ultimately inaccurate both now and in 2022.

He suggests that despite measures like blockades on Russia or restrictions on the shadow fleet, stability can be maintained, especially for Europe.

Brooks has previously suggested that Brent crude could reach $85 if a peace deal reduced the risk premium, potentially bringing U.S. gas prices down to $4 per gallon. He has also predicted that Brent prices would remain in the $80-90 range due to persistent war-related risks and risk premiums. These views reflect his focus on price stability despite ongoing market tensions.

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