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Reuters poll: analysts cut the 2019 WTI oil price forecast to $ 67



Although analysts expect OPEC to decide to cut production, they predicted that the average WTI price will be in 2014 to US $ 67.45, as it is expected that the rapid supply and uncertain demand forecast will limit oil price rises, according to 38 analysts and economists survey. On Friday

Experts now expect WTI Crude to average $ 67.45 next year, up from $ 70.15 in a previous poll at the end of October, when analysts waited extensively for US sanctions on Iran's oil prices to support prices next year.

WTI crude prices have so far reached $ 66.40 in 2018.

This month's survey revealed that analysts and economists will see lower Brent Crude average prices by $ 74.50 per barrel in the coming year, compared with a forecast of 76.88 euros in October. This year, experts estimate that Brent's prices are on average $ 73.20, which is equivalent to $ 73 an average price by 2018.

Half of the analysts and experts who participated in both Reuters polls this month and last year's 16 out of 32 reviewed Brent Crude's average price estimate next year.

The lowest Brendan forecast for 2019 was from Citi – $ 57, while Raymond James and ABN Amro had the highest estimate of $ 90.

According to the S & P Global Platts survey, which saw 11 top banks and oil brokers last week, Brent crude predicts that in 2019 it will average $ 75.50 per barrel, which sees OPEC cut its oil production by at least 1 million basis a day, and the growth in oil demand is still healthy, despite the weakness.

Experts predict that, despite rising supply from the US and the recovery of production in Libya and Nigeria on Friday in a Reuters poll, experts predict a drop in demand growth from 2019 onwards. Survey participants predict that oil demand will increase by 900,000 bpd next year and to 1.5 million base points, compared to a range of growth from 1.1 million bpd to 1.5 million base points, expected in October.

With Tsvetana Paraskova on Oilprice.com

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