Oil prices will hover around current levels for much of the year before a recovery gains traction into end-2021 as vaccines help demand gradually emerge from the depths of the coronavirus pandemic, a Reuters poll showed on Friday.
The survey of 50 participants forecast Brent crude would average $54.47 per barrel this year, a jump from last month’s $50.67 forecast. Brent has averaged around $54 so far in January.
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