Oil Analysts Raise Forecasts on Demand Growth, Supply Threats

(Bloomberg) — Oil analysts raised their price forecasts for this year as demand increases and threats to output loom in the Persian Gulf, Nigeria and the Gulf of Mexico.

Crude oil will average $67.25 a barrel, $9.25 higher than expected at the start of the year, according to the median forecast in a survey of 28 analysts by Bloomberg News conducted June 19 through June 29. The projection is $10.55 above last year’s record average on the New York Mercantile Exchange.
Bloomberg