28 December 2022 | Other

Danske Bank: Brent crude oil to fall to $80 by end of 2023

Economists at Danske Bank said that Brent crude oil would settle lower the following year. Oil prices may slide to $80 in the fourth quarter. 

The economists slashed their Brent oil price forecasts for 2023. They see it averaging $90 per barrel in the first half of the year. Price may drop to $80 per barrel in the fourth quarter. 

In their view, global inflation pressures have started to ease, especially in the US. Asia may still be the default market for Russian oil next year. The greenback’s rebound will make oil prices change. 

Company MarketCheese
Brent sell
Period: 07.11.2025 Expectation: 250 pips
Brent crude is heading downward ahead of OPEC meeting
Today at 09:23 AM 28
Period: 07.11.2025 Expectation: 750 pips
AUDCAD primed to test technical resistance one more time
Today at 09:22 AM 16
Period: 06.11.2025 Expectation: 250 pips
Invest in natural gas to capture $3.500 in growth amid soaring demand
Yesterday at 11:49 AM 74
Period: 30.11.2025 Expectation: 6400 pips
Buying GBPUSD amid stronger UK economic data
Yesterday at 11:07 AM 43
Period: 31.12.2026 Expectation: 5500 pips
Buying AUDUSD with 0.69000 in view
Yesterday at 10:34 AM 42
Period: 06.11.2025 Expectation: 2440 pips
Selling USDJPY as dollar gets less support
Yesterday at 07:08 AM 28
Go to forecasts