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(Reuters) – With oil prices having gained about 50 percent since touching multi-year lows in January, most analysts are predicting the end of the year-and-a-half long rout, but also betting that there is little upside in the near future.
After falling as low as $ 26 a barrel, U.S. crude oil futures hit a 2016 high of nearly $ 42 a barrel last week. On Tuesday they were trading at around $ 39 a barrel, with some analysts betting the rebound had run its course.
The following is a selection of near-term price predictions by leading forecasters, plus banks’ annual average price forecasts for benchmark Brent (LCOc1) and West Texas Intermediate (CLc1). For a full list of recent forecast changes see
(Compiled by Koustav Samanta, Swati Verma, Apeksha Nair, Arpan Varghese, Vijaykumar Vedala in Bengaluru)
