S&P Global Survey: Brent oil prices expected to range between $65 and $85 by the end of the year

On February 24th, Jinshi Data reported that the survey conducted by the S&P Global Commodity Insights at the London Energy Forum showed that about 42% of the participants expected Brent crude oil prices to be between $65 and $75 per barrel by the end of the year. Another 42% of participants expected prices to be between $75 and $85 per barrel. Out of approximately 210 respondents, only 2% predicted prices to exceed $95 per barrel. Richard Swann, Director of Oil Price Research at S&P Global Commodity Insights, said, ‘This is a relatively stable price environment, which is quite surprising.’