ANZ Research expects OPEC to keep production-cut agreements next year
And despite the disagreements we have seen among OPEC members at today's meeting, that expectation seems to have existed so far.
ANZ Bank expects oil to trade in the range of $85 to $90 in the first half of next year.
As for their outlook for other commodities, they expect gold to trade above $2,000 next year (which has already happened) and the iron ore market to see a deficit of around 40 million tons following a drop in global supply this year.
