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 sees a slow recovery in benchmark oil prices.

08 October 2020
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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.

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