For yet another month, analysts raised their average forecasts for oil prices this year—expecting WTI Crude to average $58.11 a barrel—but warned that Brent Crude is unlikely to rise much higher than $70, as growing U.S. shale production will offset a large part of OPEC's production cuts. According to …
The post Analysts Raise Average WTI Forecast To $58 In 2018 appeared first on crude-oil.news.