TSX:CVE - Post Discussion
Post by
retiredcf on Mar 01, 2023 12:21pm
Another Oil Price Projection
Energy market to be sloppy short term, but we could see WTI at U.S. $90/bbl by summer: Michael Tran
Michael Tran, managing director of global energy strategy at RBC Capital Markets, provides his energy outlook. Tran says the market will struggle for now, but eventually, China reopening and Russia's cutting output will support the price of crude. He adds demand for crude in the U.S. has softened amid recessionary risks. However, he notes oil demand won't be as relevant given supply will continue to tighten, which will drive prices up.
https://www.bnnbloomberg.ca/video/energy-market-to-be-sloppy-short-term-but-we-could-see-wti-at-u-s-90-bbl-by-summer-michael-tran~2638061
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