Brent crude price

Brent crude price forecast for 2022. Brent Oil is one of the financial assets traded.. This type of trading is based on Brent crude analysis, and Brent refers to North Sea crude. It is also the second most popular oil trading instrument, and in turn, it is a fundamental criterion relied upon in determining oil prices. Mostly Brent crude oil is extracted from the North Sea.. While refined, it was extracted in northwest Europe. Its importance is that it is the main oil type used in both Europe and North Africa.

The Importance of Brent Oil Price

Brent crude analysis methods and mechanisms are used to predict the price of Brent oil… The importance of Brent is also that it is used in pricing up to two-thirds of the world’s oil production. Also, despite its higher price compared to American oil and oil produced by the OPEC Union, the decrease in freight cost is equivalent to that rise… which makes many countries use it. It also increases the importance of Brent trading compared to Texas crude oil.

Brent crude price forecast

Here are a number of Brent crude price projections according to a range of institutions and banks, namely:

1. Reuters forecast:

According to a Reuters poll published, Brent crude prices are likely to reach $107 per barrel in the fourth quarter of 2022. The report, published at the beginning of the second half of 2022… is likely to reach $95.75 per barrel in 2023. It stood at $101.9 per barrel in 2022 and approximately $92 per barrel in 2023.

2. International Banks:

According to a report published by the International Investment Bank (IIB), the price of Brent crude is likely to reach $140 per barrel between the eighth and ninth months of 2022, and this figure is about $10 higher than the Bank’s previous report forecast.

While Goldman Sachs has stated in its most recent report that the average price of Brent crude is likely to reach $135 per barrel in the second half of 2022 and the first half of 2023.

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