Analysts see prices climbing higher in the middle of the year as stronger emerging-market demand and the Opec cuts trim global inventories. Saudi Arabia surprised the market in early December with a deeper supply cut.
HOUSTON: Oil prices are likely to remain in check during 2020 as Opec+ production cuts are offset by higher output from other countries and a mixed outlook for demand, according to analysts.
Analysts see prices climbing higher in the middle of the year as stronger emerging-market demand and the Opec+ cuts trim global inventories. Saudi Arabia surprised the market in early December with a deeper supply cut, which, along with signs of a thaw in the US-China trade conflict that may boost demand, lead some prominent analysts to revise their forecasts higher.
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