29 Sep, 23

Analysts Raise Oil Price Forecasts As Market Tightens

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Analysts polled by Reuters raised their oil price forecasts for a second consecutive month, expecting the OPEC+ cuts to continue tightening the market, although few see $100 oil due to the still uncertain global economic outlook. The Reuters September Oil Poll showed on Friday that 42 economists and analysts now see Brent Crude prices averaging $84.09 per barrel in 2023, up from the $82.45 consensus projection in August. Brent Crude prices have averaged $81.94 so far in 2023 and were trading just above $96 early on Friday.   Next year, Brent…

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