Oil price forecasts raised as OPEC cuts seen offsetting China gloom

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 (Reuters) – Analysts have raised their 2023 oil price forecasts for the first time in four months with OPEC+ output cuts expected to keep supply tight, offsetting risks to demand from a stalling economic recovery in China, a Reuters poll showed on Thursday.

A survey of 37 economists and analysts forecast Brent crude would average $82.45 a barrel in 2023, up from July’s $81.95 consensus. Brent has averaged around $80.6 a barrel so far this year.

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