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Brent Oil has the momentum to touch $100 – Rabobank – Crypto News
Brent has faced stiff resistance around the $94-95 mark, hovering at the low $90s since breaking out early in September. Strategists at Rabobank analyze Oil’s outlook.
More strength in Q1 2024 to stay above the $100 mark
There is still significant upside price risk due to the underlying disparity between demand and supply.
Brent has the momentum to touch $100, however, we see more strength in Q1 2024 to stay above the $100 mark.
See – Brent Oil: Break above $100 will not be sustainable – ING
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