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Seth Golden posted an update 4 years, 9 months ago
Bernstein raises oil price forecasts: “remain confident the stocks will reconnect…”
1. Our 2020 forecast moves to $68/bbl from $71/bbl, 2021 to $71/bbl from $72/bbl, 2022 to $71/bbl from $70/bbl and 2022 up to $74/bbl from $71/bbl.2. Over the next five years we expect Brent to average $73/bbl whereas stocks discount sub $50/bbl, and we remain confident the stocks will reconnect to the commodity.
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