Oil Prices Projected to Remain Below $80 in 2024

Expected weak global economic growth would slow oil demand growth next year, keeping the average U.S. benchmark oil price at below $80 per barrel, according to the monthly Reuters poll in which analysts revised down their forecasts for 2024 from last month’s projections. The price of the U.S. benchmark, WTI Crude , is expected to average $78.84 per barrel in 2024, the Reuters poll of 34 analysts and economists showed on Friday. This month’s consensus price forecast is revised down from November’s poll , in which the experts expected West Texas Intermediate to average $80.50 a barrel next year. if(window…