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Reuters

Reuters

Oil forecasts cut for 5th straight month on demand, OPEC uncertainty

Reuters
Summary
Nutrition label

81% Informative

Analysts have cut 2024 oil price forecasts for a fifth consecutive month , citing weaker demand and uncertainty over OPEC ’s plans.

Brent crude prices are expected to average $ 81.52 per barrel in 2024 , down from $ 82.86 projected in August .

U.S. crude prices expected to.

average $ 77.64 , below $ 78.82 , according to a Reuters poll of 41 analysts and economists.

VR Score

91

Informative language

97

Neutral language

75

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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