Brent tested $75 as expected and has risen from there. Important factors to watch would be Russia's response to G7 price cap on crude in Jan'23 and impact of the planned ban on Russian petroleum products by Europe to be implemented from Feb-23. In addition, the proposed plan of repurchase of oil for filling up of US Strategic Petroleum Reserves in the next couple of quarters if plays out well could eventually help crude prices to rise in the longer run. Detailed analysis with 12-month numerical projection is given in the report.
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Nov'23 Monthly Forecast
Our November'23 Monthly Dollar-Rupee Forecast is now available. To order a PAID copy, please click here and take a trial of our service.
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