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POLL -Supply curbs, uncertain demand to keep oil rangebound above $40

Sep 01, 2020 - Nasdaq

B y Anjishnu Mondal Sept 1 (Reuters) - Oil prices will see little change this year and a modest uptick in 2021 as output cuts take effect, with the demand picture clouded in uncertainty due to the coronavirus pandemic, a Reuters poll showed on Tuesday. The survey of 43 analysts and economists forecast benchmark Brent crude LCOc1 to average $42.75 a barrel in 2020, up from July's $41.50 consensus and compared with an average price of $42.60 so far this year. Brent is expected to average $50.45 ...