Doha: The Qatar National Bank forecasts a further rise in oil prices, pointing to the possibility of lower supply in markets amid supply constraints and rising global demand.
The bank also expects prices to be well supported in a range of $90 to $115 a barrel in the coming quarters.
The Qatar National Bank said today, Saturday, in a weekly report, reported by the Qatar News Agency (QNA), that oil markets have witnessed unprecedented periods of fluctuation and turmoil since the outbreak of the Corona pandemic in early 2020, adding: “Indeed, the external shocks in oil markets have been so great that prices have fluctuated sharply up and down over relatively short periods of time.
(dpa)
