BMI Keeps $85 Oil Price Forecast Despite Downside Risks ...Middle East

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BMI Keeps $85 Oil Price Forecast Despite Downside Risks
source : OILPRICE ( Middle East ) () 110
The international crude benchmark Brent is expected to average $85 per barrel this year and $82 a barrel next year, BMI, a Fitch Solutions company, said in a report, keeping its outlook on oil prices despite the balance of risks lying “firmly to the downside.” BMI noted that for its price forecast for 2024 to pan out, Brent needs to average $86 a barrel in the second half of the year, as it has averaged $83.50 year to date.    “We have opted not to revise our outlook at this point, but rather wait and see how…

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