ANZ reiterates its end-2023 oil price target of $100/barrel

<p>Reuters conveying the main points from a note vias ANZ, analysts at the bank:</p><ul><li>
Maintain
end of year oil price target at $100/bbl; says upside beyond this
looks unlikely in 2024</li><li>See
growth in US oil production remaining weak</li><li>Expect
US shale oil output to reach only 9.1mb/d in q4 2023</li><li>Expect
Saudi Arabia to lift its voluntary production cut of 1mb/d in Q4</li></ul><p>Oil update:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.