Brent will range between $71 and $93 in 2024 – Rabobank
|2024 is shaping up to be a battleground for the direction of energy markets. In the view of strategists at Rabobank, 2024 will be a muddled year, but the long-term price ranges are upward.
The trends are bearish for Q1 and Q2
We find most energy markets to be balanced to slightly oversupplied, but asymmetric risks stem from the fundamentals and geopolitical issues that create many upside possibilities.
Overall, the trends are bearish for Q1 and Q2, with more positive price outlooks for Q3 and Q4 of 2024.
Brent will range between $71 and $93 in 2024, most likely averaging around $79 compared to $82 in 2023.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.