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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.