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2016 Oil forecasts lowered but still way above current prices

Discussion in 'Market News' started by ForexLive, Jan 4, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Reuters out with their first oil poll of the new year The latest oil poll from Reuters has seen $4.00 - $5.50 shaved off the prior months prices. - 2016 Brent average price is now seen at 52.52 vs 57.95 prior It's the 7th month on the spin that forecasts have been cut yet they still remain well above current levels. Back in May forecasts were for a 2016 average of $70.90 in Brent.

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