Oil prices are unlikely to go much higher than current levels if global oil demand recovery doesn’t pick up in a meaningful way in the second half of the year, the monthly Reuters poll of analysts and economists showed on Friday. According to 43 experts surveyed by Reuters, Brent Crude prices will average $41.50 per barrel in 2020, an upward revision of $1 a barrel compared to last month’s forecast of $40.41 per barrel . The U.S. benchmark, WTI Crude , is projected to average $37.51 a barrel in 2020, up from $36.10 per barrel forecast in the previous survey. In last month’s Reuters poll, analysts said that oil prices were unlikely to jump in any significant way this year despite the OPEC+ production cuts as the economic and oil demand recovery are set to pick up steam only in the fourth quarter. In this month’s survey, analysts expect […]