Research Department of Intesa Sanpaolo: Crude oil prices could rise over

cure oil forecasts Research department

Crude oil prices underwent a rapid correction due to the sudden and unexpected contraction of Chinese demand amid extraordinary measures to limit the spread of the new 2019-nCov virus, more commonly known as Corona virus. A report by the Research Department of Intesa Sanpaolo highlights that, if the epidemic peak takes place in mid-February, oil prices could recover ground over the coming months. Intesa Sanpaolo forecasts for the second half of 2020 are higher than consensus estimates, amid a cautious optimism prevailing on financial markets, also thanks to a truce in trade tensions between the US and China.