MCX Crude Oil Forecast

Crude oil price likely to reach $102 per bbl in 2023

Crude Oil prices could see better 2023 than 2022. We believe the price will sustain above $90 as money managers have increased their long position after Brent breached $80 on the back of expectation of increased oil demand from China and rest of the world.


Crude oil Price is consolidating

On Monday morning, the Brent price is balancing at $113 per barrel The commodity marker remains uncertain – the supply isn’t expanding as quick as it is expected to, and the demand might drop as well.