{"id":289790,"date":"2019-08-31T06:23:01","date_gmt":"2019-08-31T06:23:01","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289790"},"modified":"2019-08-31T06:23:01","modified_gmt":"2019-08-31T06:23:01","slug":"analysts-slash-oil-price-forecasts-due-to-fears-over-economy-trade-reuters-poll","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/analysts-slash-oil-price-forecasts-due-to-fears-over-economy-trade-reuters-poll\/","title":{"rendered":"Analysts slash oil price forecasts due to fears over economy, trade: Reuters poll"},"content":{"rendered":"<p>Analysts have slashed their oilNSE 0.85 % price forecasts to the lowest in more than 16 months, citing softening global demand as an economic slowdown looms and uncertainty prevails on the US-China trade front, a Reuters poll showed on Friday. <\/p>\n<p>The survey of 51 economists and analysts forecast Brent crude LCOc1 would average $65.02 a barrel in 2019, down about 4 per cent from the previous month\u2019s $67.47 projection and compared with the $65.08 average for the global benchmark so far this year. <\/p>\n<p>It is also the lowest 2019 average forecast for Brent since March 2018. <\/p>\n<p>The 2019 outlook for West Texas Intermediate crude futures CLc1 was cut to the lowest since January 2018, at $57.90 per barrel, below last month\u2019s $59.29 forecast. WTI has averaged $57.13 this year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts have slashed their oilNSE 0.85 % price forecasts to the lowest in more than 16 months, citing softening global demand as an economic slowdown looms and uncertainty prevails on the US-China trade front, a Reuters poll showed on Friday. The survey of 51 economists and analysts forecast Brent crude LCOc1 would average $65.02 a barrel in 2019, down about 4 per cent from the previous month\u2019s $67.47 projection and compared with the $65.08 average for the global benchmark so far this year. It is also the lowest 2019 average forecast for Brent since March 2018. The 2019 outlook for [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-289790","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=289790"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289790\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}