Banks Stick With This Year’s Oil-Price Forecast but Lower 2019 Projection

By Anonymous

Brent is expected to average $73.65 a barrel in 2018 and $74.55 next year

LONDON—After a period of revising oil-price forecasts ever higher, analysts were keeping their prediction for the year unchanged in August, a sign that rising OPEC production is expected to keep a lid on prices despite risks to Iranian supply.

But the analysts nudged their expectations for next year’s price lower on a belief that more OPEC oil, particularly from Saudi Arabia, will pressure the market.