Bank Of America: Brent Will Recover To $60 In H1 2021

Bank of America expects oil prices to recover to $60 a barrel for Brent crude in the first half of next year thanks to shrinking global inventories and prices improving faster than previously expected.
“Back in June, we upped our oil price forecasts by $5 per barrel (fbbl) and argued that Brent would average $43/bbl in 2020 and $50/bb] in 202l,” Bank of America’s analysts said as quoted by Trade Arabia.



Oil Jumps 11% On Signs Of Demand Recovery

U.S. benchmark oil prices surged by 11 percent early on Monday to a two-month high of over $32 a barrel amid signs of demand recovery and accelerated production cuts from all oil producers, making a repeat of last month’s negative WTI Crude prices a day before expiry increasingly unlikely.



Higher Natural Gas Prices Could Lead Recovery of U.S. Energy Industry

Analysts and energy executives are increasingly looking to natural gas markets as a first source of relief for U.S. producers.



Natural Gas Prices Could Double Next Year

Unprofitable drilling, a global recession and dwindling access to capital could lead to a decline in U.S. natural gas production this year and next. The declines could finally set the stage for an increase in prices in 2021, according to two reports.



Oil Advances on Optimism Sparked by Historic U.S.-China Truce

Oil rose to the most in more than a week as the preliminary trade truce between the U.S. and China fanned optimism about economic growth.



Oil Reaches Three-Month High Above $60 on US-China Trade Pact

Oil rose above $60 a barrel for the first time in almost three months after the U.S. and China agreed on the text of a partial trade deal, giving a boost to the fragile outlook for global oil demand.

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