Commerzbank Sees Brent Prices At $90-95/Bbl For Second Half Of 2024

COMMERZBANK

• SAYS FOR SECOND HALF OF THIS YEAR, EXPECT BRENT PRICE LEVEL OF $90-95 PER BARREL

• SAYS "WE HAVE RAISED OUR PRICE FORECAST FOR BRENT TO $ 90 PER BARREL AT THE END OF THE CURRENT QUARTER"

• RAISES FORECAST FOR COPPER, SEES YEAR-END PRICE OF $9,800 PER TON (PREVIOUSLY $9,200)

• RAISES YEAR-END FORECAST FOR ZINC FROM $2,700 TO $2,800 PER TON

• SAYS "WE ALSO EXPECT GOLD TO END THE YEAR HIGHER THAN BEFORE, AT $ 2,300 PER TROY OUNCE COMPARED WITH $2,200 PREVIOUSLY"

• EXPECT SILVER TO TRADE AT $28 PER TROY OUNCE AT END OF CURRENT QUARTER, $29 AT END OF THIRD QUARTER