Uncertainty over global economic and oil demand growth will continue to weigh on oil prices next year as the oversupply in the market will likely persist, the monthly Reuters poll of economists and analysts showed on Friday. According to 42 experts, Brent Crude will average US$62.50 per barrel in 2020, just slightly up from last month’s poll by Reuters, in which analysts predicted an average price of US$62.38 for the international benchmark next year. The economists expect WTI Crude to average US$57.30 a barrel next year, also slightly up from last month’s US$56.98 estimate. At 07:36 a.m. EDT on Friday, WTI Crude was down 0.15 percent at US$58.02 and Brent Crude was trading down 0.62 percent at US$62.88. The analysts expect weak demand growth in the first half of 2020 due to weak economic growth. On the other hand, most agree that there is too much oil in the […]