Analysts See Oil Trading Closer To $70 Through Year-End ...Middle East

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Analysts See Oil Trading Closer To $70 Through Year-End
source : OILPRICE ( Middle East ) () 10
Oil analysts and economists believe that $70 a barrel is a more realistic outlook for Brent Crude prices for the rest of the year than $80 oil, as COVID variants and the geopolitics of oil will continue to be a source of volatility on the market, the monthly Reuters poll showed on Friday. Brent Crude prices are expected to average $68.76 a barrel this year, 38 analysts and economists who took part in the Reuters poll said. The forecast from end-July is higher than the June estimate in the same poll, where analysts had predicted Brent Crude prices…

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