| Global oversupply and more Iranian production are likely to keep a lid on oil prices next year, offsetting any slowdown in U.S. shale output, a Reuters poll showed on Wednesday. Benchmark North Sea Brent crude is expected to average $58.60 a barrel in 2016, slightly above the $56.63 seen so far this year, but well below the forecast of $62.30 in last month's poll, the Reuters survey of 31 analysts showed.
Fifteen of the 28 analysts polled in both the August and September surveys cut their 2016 forecasts, while 10 kept them unchanged. The poll forecast Brent would average $55.30 in 2015. U.S. crude is projected to average $54.10 a barrel next year, down from a forecast of $57 in the August poll...............................................Full Article: Source
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