RBC upgrades oil price outlook

GLOBAL investment bank RBC Capital Markets on Wednesday released its Oil Strategy Outlook, upgrading its forecast benchmark oil prices for 2021, but acknowledging near-term fundamentals “remain challenging.”

RBC upgrades oil price outlook RBC upgrades oil price outlook RBC upgrades oil price outlook RBC upgrades oil price outlook RBC upgrades oil price outlook

RBC sees a slow recovery in benchmark oil prices.

 

RBC's latest Oil Strategy Outlook, titled Assessing the Road Ahead, honed-in on key drivers in the physical market and with a particular focus on whether or not inventory was clearing.