Saturday, December 31, 2016

OIL PRICE PREDICTION FOR 2017

Oil prices will gradually rise towards US$60 per barrel by the end of 2017, a Reuters poll showed on Thursday, with further upside capped by a strong dollar, a likely recovery in U.S. oil output and possible non-compliance by OPEC with agreed cuts.
Brent crude futures will average US$56.90 a barrel in 2017, according to 29 analysts and economists polled by Reuters. The current forecast is marginally lower than the US$57.01 forecast in the previous survey.

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