Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened fuel demand, a Reuters poll showed on Thursday.
The poll of 39 economists and analysts conducted in the second half of December forecast Brent crude prices would average $50.67 per barrel next year.
That is up from a poll last month that forecast a 2021 average price of $49.35 per barrel but little changed from Brent trading at around $51 on Thursday. [O/R]
West Texas Intermediate (WTI) U.S. crude futures are expected to average $47.45 per barrel in 2021, the poll showed.
That too is up from a November consensus of $46.40 per barrel but little changed from Thursday WTI trading near $48.
Source: Reuters |
