Analysts

Analysts Cut Oil Price Forecasts for Fourth Consecutive Month

Analysts Cut Oil Price Forecasts for Fourth Consecutive Month

By Tom Kool – Aug 30, 2024, 11:00 AM CDT Analysts reduce price forecast: Reuters poll. The experts in the monthly Reuters poll now see Brent Crude prices averaging $82.86 per barrel this year. Oil prices continued to be under pressure despite the outage in Libya. Weaker-than-expected Chinese oil demand and high inventories globally have

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Analysts fear Israel-Iran conflict will push up oil prices above $90 per barrel

Analysts fear Israel-Iran conflict will push up oil prices above $90 per barrel

Oil and gas analysts were on Sunday unanimous in their projection that the global price of crude oil will rise further on Monday, above the $90 benchmark following Iran’s attack on Israel over the weekend. The analysts from Saxo Bank and UBS projected that Oil prices would spike if Israel retaliates against the attack from

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