OPEC and Russia’s pledge to boost oil production will not be enough to offset supply disruptions from Iran and Venezuela amid strong oil demand, according to a monthly Reuters poll of analysts and economists who raised, yet again, their oil price forecasts for 2018. According to the Reuters poll of 35 analysts and economists on Friday, the experts expect Brent Crude to average $72.58 per barrel this year, which is 90 cents higher than the $71.68 projection from last month’s poll , and compares with the average Brent Crude price of $71.15 so far this year. In the May survey, analysts had boosted their Brent forecast by $4 a barrel compared to their April projections, expecting supply disruptions in Iran and Venezuela to more than outweigh the anticipated increase in OPEC and allies’ oil production. In this month’s survey, analysts also raised their forecast for WTI Crude, and they […]