# Oil analysts grow more bullish after OPEC extends output deal: Reuters poll | NAI 500

> A Reuters poll showed analysts raised their 2018 Brent forecast to an average of $58.84, up from $55.71 in the October poll. Respondents cited the OPEC extension, Libya and Nigeria output limits, political tensions in Saudi Arabia, and Venezuela's output decline. Some doubted compliance from Russia.

- Date: 2017-12-07 · published 2017-12-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/67679-oil-analysts-grow-more-bullish-after-opec-extends-output-deal-reuters-poll-nai
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher bank and analyst forecasts reflect expectations of a tighter crude market in 2018, which supports energy prices and biofuel input costs. Doubts about compliance are the main risk to that view.

## Read by commodity

- BRENT: bullish ▲

## Sources

- nai500.com: https://nai500.com/blog/2017/12/oil-analysts-grow-more-bullish-after-opec-extends-output-deal-reuters-poll/

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