Leading banks expect a deficit and higher oil prices

The supply of oil on the world market is likely to remain limited until the end of the year, according to Commerzbank. This is the most The bank's analysts say that the supply of oil on the world market is likely to remain limited by the end of the year. will strike a blow to demand; at the same time, according to the bank's analyst Carsten Fritsch, an increase in production from OPEC+ will not will not help avoid a deficit. Global supply was negatively impacted by Hurricane Ida in the United States. The United States, which was hit by Hurricane Ida. oil production fell by more than 24 million barrels. Commerzbank expects Brent to reach $75 at the end of the year. year. Bank of America's forecast for the same period is slightly lower at $70, But if we have a particularly cold winter, it will add significantly to demand. will markedly increase demand for oil. As a consequence, prices could rise prices could go as high as $100/bbl sooner than expected (the bank had originally)