Oil price forecasts cut as supply risks trend lower, Reuters poll finds

After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.

• Nov 4, 2024OPEC oil output rises in October as Libyan supply rebounds, survey finds | Reuters+1.3%
• Dec 11, 2025IEA lowers 2026 oil glut forecast for first time since May | Reuters-4.4%
• Dec 11, 2024OPEC makes fifth and biggest cut to 2024 oil demand growth forecast | Reuters+2.1%
• Aug 31, 2023OPEC oil output rises in August as Iran hits 2018 high, Reuters survey finds | Reuters+6.4%
• Apr 17, 2026Goldman sees softer oil demand, flags two-sided risks to 2026 price outlook | Reuters+2.3%

After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.

• Nov 4, 2024OPEC oil output rises in October as Libyan supply rebounds, survey finds | Reuters+0.8%
• Dec 11, 2025IEA lowers 2026 oil glut forecast for first time since May | Reuters-4.0%
• Dec 11, 2024OPEC makes fifth and biggest cut to 2024 oil demand growth forecast | Reuters+0.4%
• Nov 28, 2025Swelling supply to keep oil prices under strain in 2026 | Reuters+0.1%
• Aug 31, 2023OPEC oil output rises in August as Iran hits 2018 high, Reuters survey finds | Reuters+5.7%