Oil to Average $55-$65 in 2019
Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth Management, New York
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Brent futures are now back above USD60 per barrel. Looking ahead to 2019, Goldman expects a 17% return for commodities in the coming months, while JPMorgan cut its outlook for oil by 10 dollars, down to an average ofUSD73 a barrel.
Joe explains the supply and demand dynamics that may contribute to his expected USD55-65 per barrel range next year.
Presented by: Tan Chung Han, Melisa Idris
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Categories: Personal Finance, Investments, Financial Literacy, Business Analysis, Trends and Forecasts, Markets
Tags: Brent Crude Oil, Commodities, Equities, G20, OPEC, FOMC, US Federal Reserve,