WTI: $90+ is still possible at the end of 2023 – TDS Oil WTI Banks
rge correction and the potential of another sharp drop, strategists at TD Securities have not given up on oil for the longer term just yet.“Crude could well move much lower than the fundamentals suggest, while systemic worries continue. A move to the low-$60 or slightly below is well within the realm of possibilities. Of course, an outright financial crisis could send oil much lower.”
“While it's hard to say what happens on the monetary policy and financial risk front in the short run and how worried investors will be over demand, we judge that the long term looks positive for crude. As such, $90+ WTI is still possible at the end of 2023.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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