By Rahul Paswan and Kavya Balaraman
(Reuters) - Oil prices will not change much in the second half of 2024 as concerns around demand from China and prospects of higher supply from key producers counter risks from geopolitical tensions, a Reuters poll indicated on Friday.
A poll of 44 analysts and economists surveyed by Reuters in the last two weeks forecast the global benchmark, Brent crude , would average $83.93 per barrel in 2024, just shy of the $84.01 consensus in the previous month's poll.
The forecast for average 2024 U.S. crude , at $79.72, was slightly above May's poll result of $79.56.
Brent crude futures have averaged $83.4 thus far in 2024, after brief spikes to as high as $92.18, driven by supply risks due to the conflict in the Middle East. [O/R]
