Brent seen at US$100 in 2022 as tight market fuels volatility
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Singapore
OIL prices will likely remain at volatile and high levels, as global demand rises while supply continues to be disrupted by rising geopolitical tensions and prolonged under-investment, Maybank Research said.
In a report on Monday (Mar 7), the brokerage raised its estimates for Brent crude to US$100 per barrel in 2022, from US$75 to US$80 per barrel previously.
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