Oil Prices Are Set for Small Gains in 2023 on a Darkening Global Economic Backdrop

30 December 2022

Oil prices are set for small gains in 2023 as a darkening global economic backdrop and COVID-19 flare-ups in China threaten demand growth and offset the impact of supply shortfalls caused by sanctions on Russia, a Reuters poll showed on Friday. A survey of 30 economists and analysts forecast Brent crude would average $89.37 a barrel in 2023…

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