Analysts See Limited Upside To Oil Prices This Year

Oil prices are unlikely to jump too much 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, a monthly Reuters poll of analysts showed on Tuesday.   Still, the 45 economists and analysts in the survey raised their oil price forecasts from last month’s projections, expecting a relatively modest recovery in demand in Q3 and a stronger rebound toward the end of the year and in 2021. The experts see WTI Crude averaging $36.10 per barrel in…