The Middle East conflict is unlikely to move the needle much in oil markets this year with ample global supplies reining prices in around the current $80 a barrel level, a Reuters poll showed on. -February 29, 2024 at 09:38 am EST
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Oil prices expected to remain tethered near $80 a barrel | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
The Middle East conflict is unlikely to move the needle much in oil markets this year with ample global supplies reining prices in around the current $80 a barrel level, a Reuters poll showed on Thursday. A survey of 40 economists and analysts forecast Brent crude would average $81.13 per barrel in 2024, slightly down from the $81.44 consensus in January. "Disruption in the Red Sea has less impact because there are alternative routes available," said John Paisie, president of Stratas Advisors, referring to attacks on shipping by Yemen's Houthis.
Markets await U.S. GDP data due at 1330 GMT PCE inflation data due Thursday Several Fed officials due to speak this week
. -February 28, 2024 at 06:07 am EST
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Goldman Sachs lifts its Brent summer peak forecast to $87 a barrel | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.