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Iran sanctions seen keeping oil above $75, but 2019 demand outlook darkens
Oil is likely to stay above $75 a barrel, fueled by supply disruptions exacerbated by U.S. sanctions on Iran, but further gains could be limited as economists and analysts see demand growth slowing next year due to trade wars and economic weakness.
A survey of 46 economists and analysts forecast Brent crude (LCOc1) to average $76.88 a barrel in 2019, up from the $73.75 forecast in September. The price is expected to average $74.48 in 2018, versus the $73.57 average so far this year.
For More Information Contact Us-9719026661
www.RoyalTraders.co
Best Accuracy For Royal Traders
Iran sanctions seen keeping oil above $75, but 2019 demand outlook darkens
Oil is likely to stay above $75 a barrel, fueled by supply disruptions exacerbated by U.S. sanctions on Iran, but further gains could be limited as economists and analysts see demand growth slowing next year due to trade wars and economic weakness.
A survey of 46 economists and analysts forecast Brent crude (LCOc1) to average $76.88 a barrel in 2019, up from the $73.75 forecast in September. The price is expected to average $74.48 in 2018, versus the $73.57 average so far this year.
For More Information Contact Us-9719026661
www.RoyalTraders.co
Best Accuracy For Royal Traders
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