Oil Prices Outlook for the 1st Quarter
Oil Prices Outlook for the 1st Quarter
Tuesday, 3 April 2018
By Marcial Nava
Financial market volatility and concerns of raising U.S. oil production have weighed on prices through the first quarter of 2018. However, fundamentals have not changed significantly; thus, we maintain our baseline scenario. Demand will remain supportive of higher prices, but its impact will be compensated by growing non-OPEC supply.