Latest Reuters poll sees average oil prices rising even further this year

Reuters just out with latest poll results of 31 economists/analysts 29 March

  • US crude seen averaging $59.85 per barrel in 2018 and $58.65 in 2019 vs $58.88 and $58.09 prev poll
  • Brent crude $63.97 in 2018 and $62.7 in 2019 vs $ 63.00 and 62.29 prev

Those polled cite supply disruptions and OPEC-led output deal to limit production

but doubts remain over whether the deal can/will be extended and the impact of rising US shale production.

WTI currently $64.55 up 0.26% and Brent $69.43 +0.14%

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