Oil Set For Fragile Recovery As Economies Limp Towards Normal : Reuters Poll….LIVE NEWS UPDATE BY ROYAL TRADERS

LATEST CRUDE OIL UPDATE  !!!

 Oil prices are set for a slow crawl upwards this year as the gradual easing of coronavirus-led restrictions buoy demand, although a second COVID-19 wave could slow the pace of recovery, a Reuters poll showed on Friday.

The survey of 43 analysts and economists forecast benchmark Brent crude (LCOc1) to average $41.50 a barrel in 2020, up slightly from the $40.41 consensus in last month’s survey and compared with around $42 average for the benchmark thus far this year. It is expected to average $49.85 in 2021.

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