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Patterson on oil: 3 reasons why it should continue rising
Brent crude has traded as much as 10% higher so far this year to levels we last saw before the pandemic. A weak dollar is helping as has a Saudi production cut. ING's Warren Patterson says we could still see some near-term consolidation but an average of $60 a barrel for ICE Brent in the fourth quarter is easily achievable
3 reasons oil should continue to rise this year
NG's Head of Commodity Strategy, Warren Patterson, on why we expect oil to rise still further this year
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17 January 2021
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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more