Brent Crude Oil to average $90 in H1 this year and fall to $80 in Q4 – Danske Bank

Economists at Danske Bank expect Brent Crude Oil to hover around the $90 mark in the first half of the year before falling to $80 in the fourth quarter.

A rebound of USD will further weigh on prices

“We look for Brent to average $90/bbl in H1 this year and fall to $80/bbl in Q4.”

“Global inflation pressures have started to ease, particularly in the US and Russia looks able to continue to sell oil to the Asian market.”

“A rebound of USD will further weigh on prices.”