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Friday, 31 March 2017

Oil price seen struggling as U.S. output weighs against OPEC cuts: Reuters poll | Reuters

Oil price seen struggling as U.S. output weighs against OPEC cuts: Reuters poll | Reuters:

"Oil analysts have grown more unsure that OPEC's supply cut will be enough to offset the increase in U.S. production and do not believe prices will reach $60 a barrel until early next year, according to a Reuters poll on Friday.

Brent crude is expected to average $57.25 per barrel in 2017, slightly lower than last month's forecast of $57.52, the poll of 32 economists and analysts showed.

Forecasts for Brent in 2017 range from a high of $73 by Raymond James to a low of $51 by Commerzbank."



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