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Oil Prices Seen Steady as Demand Woes Mitigate Supply Risks


Wednesday, 31 July 2019 19:01 WIB

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Oil prices are expected to be range-bound near current levels this year as slowing economic growth and a protracted trade dispute curb demand, a Reuters monthly poll showed, squeezing gains stemming from production curbs and Middle East tensions.

A survey of 54 economists and analysts forecast Brent crude  would average $67.47 a barrel in 2019, little changed from the $67.59 seen in last month's poll and compared with the $65.88 average so far this year.

On Wednesday, Brent was trading near $65 a barrel.

Source : Reuters


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