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A Reuters poll of 44 analysts forecasts Brent averaging $72.87 in 2018 and WTI $67.32, both slightly higher than last month. Analysts expect range-bound prices in the second half of 2018 and 2019 as OPEC and U.S. shale output offset Iranian supply losses.
A steady outlook implies stable energy costs for feed transport and processing through 2019. Trade-war demand worries cap upside, limiting biofuel-linked crop price support from crude.
energynow.comJul 31, 2018After 41 past neutral report events, Crude Oil (Brent) moved a median -1.4% over 5 sessions (41% higher; middle half -4.0% to +1.9%), and +1.8% over 20.
After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
