An-Najah News - Commerzbank, the German commercial bank, expects oil prices to recover by the end of this year.

The Bank furtherly expects that the Brent mix will score 40 USD a barrel, and that the production cuts, accompanied by a recovery in demand, will rebalance the oil market in the second half of this year.

Oil markets are under pressure due to falling demand for crude due to the decline in economic activities due to the corona pandemic, and the fullness of international oil depots.