Oil prices will average just over $40 this year, the biggest cut to monthly forecasts in a year, as an influx of Iranian barrels hits an already-saturated world market, a Reuters poll showed on Friday. The survey of 29 economists and analysts forecast benchmark North Sea Brent crude will average $42.5 a barrel, down $10 from last month’s poll. This would be the largest drop between monthly surveys since January last year and the eighth successive monthly Reuters poll in which analysts have lowered their price forecasts. Brent crude, which averaged about $54 a barrel in 2015, has fallen nearly 9 percent so far in January and has crashed from around $115 a barrel in June 2014. Oil prices fell below $30 a barrel this month to their lowest since 2003, under pressure […]