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Monthly survey of The Wall Street Journal in late August showed that analysts of the Wall Street banks in August kept the forecast of oil prices unchanged. Prior to that, within 10 months in a row, their forecast increased monthly. Banking analysts expect the continued growth in OPEC production and exports, mainly at the expense of Saudi Arabia. According to the forecast of 11 representatives of investment banks participating in the survey, the price of Brent oil in 2018 will average 73 dollars 65 cents per barrel, WTI - about $68 per barrel. For 2019, analysts lowered the average annual price of Brent to 74 dollars 55 cents per barrel from 75 dollars 63 cents per barrel, WTI - to 68 dollars per barrel from 69 dollars 75 cents a barrel.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
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