On Friday, Commerzbank analysts hinted at a $75 per barrel price target for the end of the year, as it expects demand to outstrip whatever supply increases are brought to the market by the OPEC+ alliance. Commerzbank sees OPEC’s production to rise at roughly the same pace as oil demand until the end of 2021, leaving the market undersupplied. Commerzbank sees the spread of the coronavirus delta variant as a downside risk to its price prediction. Brent crude looks set to end the week marginally higher, after three days of gains enabled it to overcome the slump seen on 19/20 July. Technical Outlook for Crude Oil Price: ... (full story)