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Platts Survey: Brent Oil Price To Average $75 Next Year

October 8, 2020 by

On the supply side, the key reason for the banks to see Brent Crude prices recovering from the current $63 a barrel is the expectation that OPEC will announce a production cut at its meeting in early December—of 1 million bpd or even more—to support oil prices, prevent a new glut, and drive the price of oil back into the $70s.

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