Oil to rise as Iran sanctions outweigh demand risks from trade wars: Reuters poll | Reuters

Oil to rise as Iran sanctions outweigh demand risks from trade wars: Reuters poll | Reuters:

Oil prices are likely to climb continuously into next year, as concerns over drops in supply from the likes of Iran and Venezuela outweigh any worry that global trade disputes could undermine demand, a Reuters poll showed on Friday. 

A survey of 50 economists and analysts forecast Brent crude to average $73.48 a barrel in 2018, up from the $72.71 forecast in August and the $72.68 average so far this year. Brent was forecast to average $73.75 in 2019.

This is the highest projection for the benchmark for both 2018 and 2019 in the polls this year.