[size=18]A US bank expects Brent to reach $ 90 a barrel, indicating that the decline in the trade war between the US and China could lead to the decline of the dollar and the increase in global demand, which may lead to changes in Brent crude prices.
"The new rules approved by the International Maritime Organization (IMO) on fuel shipping rules could result in the largest ever increase in demand for distillates," said the Bank of America Merrill. "The final outcome is likely to be a huge increase in demand for fuel from the global generation sector Electricity ".
The new rules, which will come into force next year, will require ships using fuels with sulfur content of less than 0.5 percent, compared with 3.5 percent currently.
However, the bank said in a note that prices could drop to $ 50 a barrel if the US-China trade war hurt consumer confidence, which could eventually lead to economic slowdown.
Oil rose to $ 73 a barrel on Friday, boosted by a series of supply cuts and concerns about further disruption of oil shipments in the Middle East amid rising tensions.