Oil seen above $110 near term, $85 by year-end: Analyst
CNBC
Last updated: April 29, 2026
Oil prices are expected to remain volatile in the near term, potentially exceeding $110, before settling around $85 by the end of the year. Yi Ping Liao of Templeton Global Investments suggests a neutral stance on upstream oil equities due to this anticipated price fluctuation.
- Near-term Outlook: Oil prices are projected to trade above $110 in the immediate future, influenced by persistent price volatility.
- Year-end Forecast: By the close of the year, the analyst anticipates oil prices to stabilize significantly, forecasting a level of $85.
- Investment Recommendation: Given the predicted price swings, a neutral investment position in upstream oil equities is advised by Templeton Global Investments. This suggests avoiding strong bullish or bearish bets on the sector at this time.
- Market Dynamics: The outlook highlights the significant price volatility as a key factor influencing investment strategies within the oil market.
- Analyst's Position: Yi Ping Liao's analysis points to a cautious approach, emphasizing the need to navigate the expected price uncertainties.
