Reuters Poll: WTI seen averaging $84.84 in 2023
|According to the findings of a recently conducted Reuters poll, the barrel of West Texas Intermediate (WTI) is expected to average $84.84 in 2023, down from $87.80 in November's survey.
The barrel of Brent is seen averaging $$89.37 in 2023, compared to $93.65 in November's survey.
The uncertainty surrounding the global economic outlook and heightened concerns over the impact of the coronavirus situation in China on the energy demand are cited as reasons behind the downward revisions.
Market reaction
Crude oil prices showed no immediate reaction to this headline and the WTI was last seen trading at $78.22, where it was down 0.65% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.