A higher estimate compared to last month's poll of $54.78
This was a Reuters survey on 32 economists and analysts. Here are the rest of the poll details:
- Crude oil seen averaging $57.78 in 2019
- Previous poll $57.01
- Brent oil seen averaging $59.88 in 2018
- Previous poll $58.84
- Brent oil seen averaging $61.31 in 2019
- Previous poll $60.79
All the estimates are higher as the respondents attribute strong OPEC compliance as well as strong global demand growth - particularly from Asia - are likely to keep oil prices underpinned.
