Oil prices will be supported by OPEC+ output cuts and sanctions on Russia for the rest of the year and into early 2023, a Reuters poll showed on Monday, but a recession could limit further gains.
A survey of 42 economists and analysts projected that benchmark Brent crude would average $101.10 a barrel this year and $95.74 a barrel in 2023, versus estimates of $100.45 and $93.70, respectively USD in September.
US crude oil forecasts have been raised slightly to $96.23 a barrel in 2022 and $90.39 next year…
