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Can Oil Prices Stage A Rally?

Ho Pei Hwa, Regional Energy Analyst, DBS Bank

07-Mar-23 09:15

Can Oil Prices Stage A Rally?

Oil prices and the sector had a good year in 2022. However, Brent crude oil futures are flat YTD at US$85/barrel. This in spite of oil pundits earlier in the year calling for prices to reach US$100/barrel which was supposed to be underpinned by strong demand from a China reopening. What does this mean for oil prices in the medium term and is the sector still in favour from an investment perspective? For insights, we speak to Ho Pei Hwa, Regional Energy Analyst, DBS Bank.

Image credit: Shutterstock

Produced by: Chong Tjen San

Presented by: Chong Tjen San, Wong Shou Ning, Shazana Mokhtar

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Categories:  markets

Tags:  uaeoil priceschina reopening

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