Bloomberg experts predict 2021 oil, gas prices action

摘要

Bloomberg commodities experts do not foresee a large increase in crude oil prices this year. They now predict that the range of oil prices seen in 2020 may define the price range for several years to come. And $50/bbl appears to be a key threshold—If WTI continues to trade around that level, sturdy resistance should keep a lid on prices in 2021, said a recent report. Demand challenges and production oversupply seen in the last few years seem to be the more probable course again this year, the firm said.