Crude Prices To Strengthen Through Next Year

JWN Energy Group’s Daily Oil Bulletin
9 April 2018

International benchmark crude prices played out basically as expected by Geopolitics Central (GPC) in the first quarter of the year, with a few interesting twists on the market fundamentals front and growing signs of ongoing Russia-OPEC co-operation encouraging us to maintain our current short-term outlook – albeit with an adjustment to the trajectory of crude prices through the end of 2019. GPC is forecasting spot WTI to average US$65/bbl in 2018, compared to roughly US$63 in the first quarter, and US$70/bbl next year.

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