Deutsche Bank Sees Brent Oil Price at $88 by the End of 2024

A nearly balanced market in the first half of the year and seasonal strengthening of demand in the second half are set to push the price of Brent Crude to $88 per barrel by the end of 2024, according to analysts at Deutsche Bank. “We look for continued OPEC+ discipline in a nearly balanced market for H1, and seasonal strength in H2,” the bank’s strategists wrote in a note on Wednesday carried by FXStreet. With the OPEC+ cuts in the first half of 2024, Deutsche Bank sees little upside to its H1 forecast of $83 per…