We revise down our near-term forecast for global oil prices

Genevieve Signoret

Alternative Assets

Given lower-than-expected current oil prices, we have revised down our oil price forecasts under central-scenario assumptions for the near term. Whereas we had forecast $111/barrel for Brent crude at the end of September 2014, we now project $98. We continue to think, however, that, over the next two years, the Brent price will rebound to $108.

Before moving on to our regular data compendium, we share our updated forecast table for Brent and WTI prices.

Revised forecast

Data compendium