Cautious view of OPEC deal dampens oil price revival hopes - Reuters poll

Cautious view of OPEC deal dampens oil price revival hopes - Reuters poll
 

Oil analysts are not convinced that OPEC's proposal to cut output for the first time since 2008 will result in much higher prices, as doubts run high over the feasibility of the group's decision, a Reuters poll showed on Friday.
The 32 analysts and economists surveyed cut their 2016 average Brent LCOc1 price outlook to $44.74 a barrel from the $45.44 forecast in August, the second straight downward revision after successive upgrades in the five preceding surveys.
Brent, which has averaged $43.34 this year, was forecast at$57.28 a barrel in 2017 as against the previous outlook of $57.90.
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7 October 2016 in Business, Views: 41
Source: Reuters
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