Strategy Report
EU Oil Embargoes, Price Caps, Insurance Bans Loom
Our 4Q22 and 2023 Brent forecasts remain at $100/bbl and $116/bbl. Upside price risk continues to dominate oil markets. We remain long the XOP and COMT ETFs to retain exposure to oil and gas producers’ equities, and higher commodity prices and further backwardation, particularly in copper.
Interested in reading this report?
To access the full BCA Research report, request a complimentary copy
BCA Research | Commodity & Energy Strategy
Top-down global-macro framework with bottom-up fundamental analysis of major commodities.
Stay Connected with BCA
Get our latest events and research insights delivered to your inbox.