Credit Suisse Lifts 2021 Average Brent Price To $70 ...Middle East

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Credit Suisse Lifts 2021 Average Brent Price To $70
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Improving supply and demand fundamentals have prompted Credit Suisse to raise its short and long-term forecasts for oil prices, expecting the average Brent price at $70 a barrel this year, up from $66.50 projected earlier. According to a Credit Suisse note cited by Forexlive, the price of Brent is set to average $69 per barrel next year, up from $68 a barrel the bank had previously expected. The long-term forecast for Brent Crude was also raised—to $62 a barrel from $60 per barrel. Credit Suisse also revised up its forecasts for the U.S.…

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