Reuters Poll Highlights Lower Oil Prices Amid Recession Fears ...Middle East

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Reuters Poll Highlights Lower Oil Prices Amid Recession Fears
source : OILPRICE ( Middle East ) () 16
Oil prices will only gain slightly in 2023 thanks to a worsening global economic outlook as well as the latest COVID-19 outbreak in China, which will take a hit on oil demand.  A survey of 30 economists and analysts have predicted for Reuters that Brent crude will average $89.37 a barrel in 2023, just 4% higher than current price of $85.91 per barrel and ~4.6% lower than the $93.65 consensus in a November survey.  Brent averaged $99 per barrel in 2022. Meanwhile, the experts have predicted that U.S. crude will average $84.84 per barrel…

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