Oil markets in 2020: fundamental drivers and geopolitical uncertainties

 
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by Radu Dudău and Andrei Covatariu

 

The fundamental market drivers are pointing at a balanced oil market in 2020, with a Brent price mostly within the $60-70 a barrel – unless, that is, a massive escalation of the geopolitical tensions occurs, following the targeted killing of Iranian general Soleimani, causing large and indeterminate oil supply disruption.

 

 

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