The forecast of the Wall Street banks regarding oil prices remained unchanged


Monthly survey of The Wall Street Journal in late August showed that analysts of the Wall Street banks in August kept the forecast of oil prices unchanged. Prior to that, within 10 months in a row, their forecast increased monthly. Banking analysts expect the continued growth in OPEC production and exports, mainly at the expense of Saudi Arabia. According to the forecast of 11 representatives of investment banks participating in the survey, the price of Brent oil in 2018 will average 73 dollars 65 cents per barrel, WTI - about $68 per barrel. For 2019, analysts lowered the average annual price of Brent to 74 dollars 55 cents per barrel from 75 dollars 63 cents per barrel, WTI - to 68 dollars per barrel from 69 dollars 75 cents a barrel.

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