Our base-case scenario of improving economic growth into 2020 implies reasonable demand growth for oil. We also see supply being constrained by OPEC and partners, along with a cresting in U.S. shale output keeping Brent crude prices in the USD $60 to USD $70/barrel range and WTI to range between USD $55 and USD $65/barrel.
GLC 2020 Capital Market Outlook:
- Executive Summary
- World at Large
- U.S. Equity
- Canadian and International Equities
- Emerging Markets
- Fixed Income
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