S&P Global expects dated Brent crude to hit $55 per barrel by year-end

Dated Brent crude prices are likely to fall to around $55 per barrel by year-end, an S&P Global executive said at the Asia Pacific Petroleum Conference on Monday.

Brent crude futures were up about 0.5% on Monday at $65.84 per barrel after OPEC+ agreed over the weekend to raise output from October at a slower pace than in previous months, on expectations of weaker global demand.