Oil outlook for 2021 hit by new Covid-19 strain ...Qatar

Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened fuel demand, according to a Reuters poll. The poll of 39 economists and analysts conducted in the second half of December forecast Brent crude prices would average $50.67 per barrel this year. That is up from a poll in November that forecast a 2021 average price of $49.35 per barrel but little changed from Brent trading at around $51 on Thursday. West Texas Intermediate (WTI) US crude futures are expected to average $47.45 per barrel in 2021, the poll showed. That too is up from a November consensus of $46.40 per barrel but little changed from Th

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Oil outlook for 2021 hit by new Covid-19 strain ...Qatar

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