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Oil to hover around US$40/bbl in 2020

05 Jun 2020
Oil to hover around US$40/bbl in 2020
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On June 04, 2020, Malaysia Investment Bank (Maybank Kim Eng) is prejecting the Brent crude oil to hover around US$40 a barrel for the rest of the year. This is because there is still a lot of supply although demand has started to improve from May onwards, its oil and gas analyst Liaw Thong Jung said.

At the time of writing, Brent crude oil futures were trading at US$39.41, a significant recovery after having crashed to an 18-year low in April.

Original Article:
https://www.theedgemarkets.com/article/oil-hover-around-us40bbl-2020-%E2%80%94-maybank-kim-eng


Oil & Gas Update from Davor Marketing Team
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