We continue to expect the price of a barrel of Brent to drop back below $100 this year, despite recent speculation that cuts to Saudi production signal an increased willingness to allow oil prices to settle at current levels of around $110. Nonetheless, we have raised our end-2013 forecast from $85 to $95 to reflect stronger global risk appetite and more persistent Middle East tensions.
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