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Crude oil prices can rise up to $110 a barrel in 2023, say analysts

Brent crude oil prices have slipped nearly 15 per cent in the last few weeks, from a peak of around $98 a barrel to a little over $83 a barrel now despite OPEC+ cutting supply

Topics
Crude Oil Price | crude oil supply | Crude oil price spike

Puneet Wadhwa  |  New Delhi 



oil
Brent crude oil prices have slipped nearly 15 per cent in the last few weeks, from a peak of around $98 a barrel

Brent prices can rise up to $110 a barrel in 2023, up nearly 33 per cent from the current levels, said analysts at in a recent note. This is, however, lower than the peak level of nearly $127 a barrel hit earlier in 2022 as geopolitical concerns took center stage amid rising demand.

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First Published: Tue, November 29 2022. 11:39 IST

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