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Reuters Poll Highlights Lower Oil Prices Amid Recession Fears

A survey of 30 economists and analysts have predicted for Reuters that Brent crude will average $89.37 a barrel in 2023, just 4% higher than current price of $85.91 per barrel

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Economic weakness set to weigh on oil price in 2023

Oil prices are set for small gains in 2023 as a darkening global economic backdrop and Covid-19 flare-ups in China threaten demand growth.

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Economic weakness set to weigh on oil price in 2023 | Hellenic Shipping News Worldwide

Economic weakness set to weigh on oil price in 2023 | Hellenic Shipping News Worldwide
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Economic weakness set to weigh on oil price in 2023

By Brijesh Patel (Reuters) - Oil prices are set for small gains in 2023 as a darkening global economic backdrop and COVID-19 flare-ups in China threat.

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POLL-Economic weakness set to weigh on oil price in 2023

Oil prices are set for small gains in 2023 as a darkening global economic backdrop and COVID-19 flare-ups in China threaten demand growth and offset the impact of supply shortfalls caused by sanctions on Russia, a Reuters poll showed on Friday. A survey of 30 economists and analysts forecast Brent crude would average $89.37 a barrel in 2023, about 4.6% lower than the $93.65 consensus in a November survey.

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