Three of the world’s biggest oil traders were at odds about where the oil price would be this time next year, with Vitol taking a bearish view while Gunvor and Trafigura stayed bullish. Benchmark Brent crude LCOc1 surged above to $81 a barrel on Monday, hitting a three-year high and up more than 50% so .
Straining supply lines and under-investment in upstream will likely dog oil markets and support prices, with levels similar to current ones in a year’s time, the CEOs of commodity traders Vitol, Gunvor Group and Trafigura said at an industry event Oct. 4. Oil will likely be at $75/b, gas at the Dutch TTF hub, weather .
Three of the world's biggest oil traders were at odds about where the oil price would be this time next year, with Vitol taking a bearish view while Gunvor and Trafigura stayed bullish.