Skip to content

Oil Prices Could Surge to $90 Due to Russian Supply Disruptions

Deutsche Bank analysts predict Brent crude oil prices could reach $90 per barrel due to potential disruptions in Russian oil supply. This forecast comes amidst a backdrop where crude oil futures saw weekly gains, driven by U.S. sanctions on Russia and a robust demand for heating fuels during winter. However, prices dipped on Friday, influenced by the upcoming Martin Luther King Jr. holiday weekend. The market’s reaction highlights the sensitivity of oil prices to geopolitical tensions and seasonal demand fluctuations.

Source: seekingalpha.com

Related Videos