Crude oil prices remain in the limelight – Danske Bank

Senior Analyst at Danske Bank Morten Helt has assessed the recent price action in crude oil.

Key Quotes

“The price of Brent crude topped USD49/bl yesterday on the back of supply disruptions in Nigeria and healthy risk appetite in financial markets”.

“We see limited further upside for the oil price near term as the outlook for global growth remains rather mixed and the USDhas risen back”.

“This should further limit the extent to which the oil price can drive USD/CAD and EUR/NOK lower in the near term”.