Analysts See Oil Prices Rising To $90 By End-2023

Oil prices are set to rise toward $90 per barrel by the end of this year, driven by Chinese demand and a tightening market following OPEC+’s latest production cuts, a Reuters survey of 40 analysts and economists showed on Friday. According to the experts, Brent Crude prices are expected to average $87.12 per barrel this year, a higher average forecast than in the previous poll in March. So far this year, Brent prices have averaged around $82, while they traded at just above $79 early on Friday.   The U.S. benchmark, WTI…