We have revised our near-term forecasts for the price of Brent crude higher to reflect the ongoing support from hopes of global policy stimulus and fears over tensions in the Middle East. However, these drivers should fade by the end of this year, to be replaced by renewed concerns about the world economy and the future of the euro. The release of official stocks would also help drag oil prices down again, although any such move does not seem imminent.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services