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A WSJ analysis says competing U.S. shale output and OPEC supply cuts will keep oil prices in a $60 to $75 a barrel band this year. It cites an estimate that Brent will average about $67 a barrel in 2018.
A forecast trading band gives feed buyers a reference for energy costs that feed into freight, fertilizer and biofuel economics. The view is neutral for crude because the upside and downside drivers offset each other.
wsj.comGeorgi KantchevFeb 13, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
