Oil to Average $55-$65 in 2019
Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth Management, New York
You can share this podcast by copying this HTML to your clipboard and pasting into your blog or web page.
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
Download the BFM mobile app. Stay at home and stay up-to-date.