Falling Russian supply to keep oil prices high in 2023

We think slower global economic activity and a somewhat stronger US dollar will weigh on commodities prices in the coming months. However, the recession should prove relatively shallow and we expect prices to be picking up in late 2023, boosted by the start of monetary easing in the US.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.