Oil analysts cut their price forecasts for 2018 for the first time in almost a year in August, given growing concern over the impact on crude demand from escalating trade tensions, although falling supply, particularly from Iran, would likely limit losses, a Reuters poll showed on Friday. A crude oil terminal under construction is pictured off Ningbo Zhoushan port in Zhejiang province, China January 6, 2018. Picture taken January 6, 2018. REUTERS/Stringer A survey of 45 economists and analysts forecast Brent crude to average $72.71 a barrel in 2018, 16 cents lower than the $72.87 projected in the previous month’s poll and above the $71.96 average so far this year. The price was forecast to average $72.58 in 2019. U.S. crude futures were forecast to average $67.13 a barrel in 2018, compared with $67.32 forecast last month and an average of $66.40 until now. “The eventual loss of Iranian […]