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Reuters Survey: Analysts cut the price of WTI oil price 2019 to $ 67



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Although analysts expect OPEC to decide to reduce production, review its forecast for the average price of WTI to $ 67.45 in 2019, as it is expected that the # 39 ; Increasing supply and demand forecast is not clear limit the gains of oil prices, a Reuters poll of 38 analysts and economists showed Friday

Experts expect crude oil prices to reach $ 67.45 next year, $ 70.15 in the latest poll later this October, when analysts have long waited for it United States sanctions on Iran's stockpile will support prices next year.

The gross prices of WTI have meant an average of 66.40 dollars until now in 2018.

This month's poll revealed that analysts and economists also see a lower average price for Brent Crude next year, at $ 74.50 a barrel, from the projection from $ 76.88 to October. For this year, experts see Brent prices with an average value of $ 73.20, according to the average price of $ 73 until now in 2018.

Half of the analysts and experts who participated in Reuters' polls this month as well as in the last -16 of 32- reviewed the average price estimate of Brent Crude next year.

Brent's lowest projection for 2019 came from Citi, at $ 57, while Raymond James and ABN Amro had the highest estimate of $ 90.

Brent Crude hopes to average 75.50 dollars a barrel in 2019, according to an S & P Global Platts survey last week of 11 banks and oil intermediaries, who see the # 39; OPEC the reduction of oil production in at least 1 million bpd and the growth in petroleum demand is still healthy despite signs of weakness

In the Reuters poll on Friday, experts are billed in a lower reduction in the growth of demand for 2019 in their forecasts of oil prices, apart from the increase in supply of the United States and the recovery of production in Libya and Nigeria. Survey participants expect petroleum demand to grow between 900,000 bpd and 1.5 million bpd next year, compared to a growth range of 1.1 million bpd at 1.5 million bpd foreseen in the October survey.

By Tsvetana Paraskova for Oilprice.com

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