AFTER a tumultuous 2022, a period of calm is expected to wash over global crude prices in the coming months of the new year, keeping prices capped after Brent trade ratcheted over $130/b last year.
Crude prices are likely to head north only towards the second half of 2023 as the effects of China’s easing COVID restrictions percolate, while India’s unwavering appetite for Russian crude continues to lend support.
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