{"id":165567,"date":"2023-09-30T06:10:42","date_gmt":"2023-09-30T00:40:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=165567"},"modified":"2023-09-30T06:10:42","modified_gmt":"2023-09-30T00:40:42","slug":"upside-is-limited-to-120-in-the-long-run-nordea-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/upside-is-limited-to-120-in-the-long-run-nordea-crypto-news\/","title":{"rendered":"Upside is limited to $120 in the long run \u2013 Nordea &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>This week, Crude Brent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/markets\/commodities\/energy\/oil\">Oil<\/a> reached a peak of 97$\/barrel before coming down to the 95$ area. Economists at Nordea analyze Oil\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>.<\/p>\n<h2 class=\"fxs_headline_medium\">A further rise to the $120 area cannot be ruled out<\/h2>\n<blockquote>\n<p>The tightening of crude storages has supported the Oil price rally and we believe that Oil prices will swing around the current levels around $90-$100.<\/p>\n<\/blockquote>\n<blockquote>\n<p>A further rise (to the $120 area) cannot be ruled out if OPEC+ keeps the Oil flow low(er).<\/p>\n<\/blockquote>\n<blockquote>\n<p>If OPEC+ pushes Oil prices too high, US shale will respond and could take more market share, which would be counterproductive for OPEC+ in the longer run. As such, we believe that the upside in Oil prices is limited to $120 in the long run.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: This week, Crude Brent Oil reached a peak of 97$\/barrel before coming down to the 95$ area. Economists at Nordea analyze Oil\u2019s outlook. A further rise to the $120 area cannot be ruled out The tightening of crude storages has supported the Oil price rally and we believe that Oil prices will swing around [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,923,248,251,246,257,255,250,683,797,252,247,253,249,256,254],"class_list":["post-165567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-brent","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oil","tag-opec","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=165567"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165567\/revisions"}],"predecessor-version":[{"id":165568,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165567\/revisions\/165568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5194"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=165567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=165567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=165567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}