Doha: Qatar National Bank expected a further rise in oil prices, pointing to the possibility of a decline in supply in the markets once morest the backdrop of supply constraints and increased global demand.
The bank also expected prices to be well supported in a range of $90 to $115 per barrel over the coming quarters.
Qatar National Bank stated in a weekly report, reported by the Qatar News Agency (QNA), today, Saturday, that the oil markets have been witnessing unprecedented bouts of fluctuations and turbulence since the outbreak of the Corona pandemic in early 2020, adding, “In fact, the external shocks in the oil markets were So large that prices witnessed sharp upward and downward fluctuations during relatively short periods of time.”
(dpa)