Here is our next video about crude oil forecast for 2022. The crude oil forecast today shows that oil could soar to new highs in 2022 pushed by OPEC’s limited capacity to push production.
Analysts claim that the group could adhere to 400,000 barrel-per-day monthly increase of WTI crude during the first half of 2022 to balance the market but it could struggle to deliver monthly growth of more than 250,000 barrels of WTI crude oil per day once the output is reinstated - that is according to the Crude oil price forecast.
The crude oil forecast next week might shed more light over the impact of the Omicron variant over the prices of riskier assets like Crude oil. Potentially, new abrupt enforcements of lockdown measures from governments around the world due to new Covid-19 variants in 2022 could send Crude oil 2022 price on a wild ride.
The rising dollar could also be a factor for next year’s WTI oil price. The prospects of rising interest rates from the Fed and higher inflation are pushing the dollar index which could cause more turbulence in WTI crude 2022.
Watch the full video for our take on Crude oil forecast and a deeper insight into what to expect in the months ahead from our WTI crude oil forecast. Drop us a line in the comments with your thoughts on the Crude oil 2022.
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01:47 Where could we see Oil in 2022?
05:37 Support and resistance
06:20 Technical analysis
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