Special Alert
Oil Rallies On OPEC 2.0 Production Cut
The OPEC 2.0 supply cuts announced over the weekend will be fundamentally bullish international crude oil prices. According to our model, brent will cross the USD 100/bbl mark by August this year. We believe the cohort is pre-emptively cutting oil supply in response to threats to their economic interest, including risks arising from the higher possibility of recession and rising market volatility following the banking crisis.
BCA Research | Commodity & Energy Strategy
Top-down global-macro framework with bottom-up fundamental analysis of major commodities.
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