| Oil analysts have cut their price forecasts for the first time since February, as the prospect of the world's largest producers agreeing to freeze output dims and U.S. production shows signs of gradually picking up.
After five consecutive months of upward revisions, the 34 analysts and economists polled by Reuters forecast Brent would average $45.44 a barrel in 2016, slightly lower than last month's forecast of $45.51. The North Sea benchmark has averaged $42.59 so far this year, having ricocheted from a near-13-year low of $27.10 in January to an eight-month high of $52.86 in June this year...............................................Full Article: Source
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