Brent oil price to return to $90?

Brent oil price to return to $90?

The Brent oil price will return to $90 per barrel, Saxo Bank said in one of its Outrageous Predictions released today.

The bank also said that Russia and the OPEC states will announce a new significant reduction of oil output in 2020. "In 2020, we see the tables turning for the investment outlook as OPEC extends production cuts, unprofitable U.S. shale outfits slow output growth and demand rises from Asia once again," head of Equity Strategy Peter Ganry said.

Among others predictions are Democrats winning the U.S. 2020 election and Hungary leaving the EU.

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