# Oil to hold steady into 2019 as OPEC, U.S. compensate for supply hitches - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> 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.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/64201-oil-to-hold-steady-into-2019-as-opec-u-s-compensate-for-supply-hitches-energy
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-07-01 | [OPEC July oil output hits 2018 peak, but outages weigh: Reuters survey - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/63957-opec-july-oil-output-hits-2018-peak-but-outages-weigh-reuters-survey-energy.md) | -3.1% | -4.9% |
| BRENT | 2024-01-03 | [OPEC’s Crude Oil Output Steady in December Before New Supply Cuts - Bloomberg](https://feedsoft.ai/events/32039-opec-s-crude-oil-output-steady-in-december-before-new-supply-cuts-bloomberg.md) | +2.3% | +9.8% |
| BRENT | 2020-01-31 | [Risk of oil supply disruptions can have an immediate effect on oil prices -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/55266-risk-of-oil-supply-disruptions-can-have-an-immediate-effect-on-oil-prices-u-s.md) | -5.1% | -10.0% |
| BRENT | 2025-12-11 | [OPEC Keeps 2026 Oil Supply, Demand Outlook Steady in Latest Report - Bloomberg](https://feedsoft.ai/events/21426-opec-keeps-2026-oil-supply-demand-outlook-steady-in-latest-report-bloomberg.md) | -4.0% | +2.5% |
| BRENT | 2018-01-03 | [OPEC Holds Production Steady as Compliance Exceeds Promised Cuts - Bloomberg](https://feedsoft.ai/events/66897-opec-holds-production-steady-as-compliance-exceeds-promised-cuts-bloomberg.md) | +3.5% | +2.7% |
| WTI | 2018-07-01 | [OPEC July oil output hits 2018 peak, but outages weigh: Reuters survey - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/63957-opec-july-oil-output-hits-2018-peak-but-outages-weigh-reuters-survey-energy.md) | -0.3% | -4.5% |
| WTI | 2024-01-03 | [OPEC’s Crude Oil Output Steady in December Before New Supply Cuts - Bloomberg](https://feedsoft.ai/events/32039-opec-s-crude-oil-output-steady-in-december-before-new-supply-cuts-bloomberg.md) | +2.6% | +7.9% |
| WTI | 2020-01-07 | [Crude oil prices were generally lower in 2019 than in 2018 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/55330-crude-oil-prices-were-generally-lower-in-2019-than-in-2018-u-s-energy.md) | -8.1% | -21.6% |

## Sources

- energynow.com: https://energynow.com/2018/07/oil-to-hold-steady-into-2019-as-opec-u-s-compensate-for-supply-hitches/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.