Sees crude oil averaging $72/Brent $78 in 2018
BNP Paribas is raising their forecast for average 2018 oil price to $72 for crude oil and $78 for Brent. The price of crude is trading down about -$3 today at $67.70. Brent is trading at $76.24, down -$2.55. In 2019 they see WTI and Brent averaging $78 and $82 respectively.
Earlier today another French bank, Societe Generale revised their oil forecast for Q4 2018 to $73 and $78 respectively.
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