Raises projections by $4 for end 2020:
- Brent to $41 / barrel
- & WTI $37
The analysts express caution in the near term. Improvement in demand ahead depends on the behavior of consumers - renewed coronavirus concerns will keep driving demand subdued.
Meanwhile, via RBC, a more immediate outlook:
- A sustainable rally needs to include improving gasoline demand, reducing inventories, increasing product margins to the point where refiners kickstart runs,
- US driving patterns are far from normal
Reprinted from forexlive，the copyright all reserved by the original author.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
喜歡的話，讚賞支持一下
暫無評論，立馬搶沙發