Global Oil & Gas: Investment banks see rising oil prices.

 Oil - 32-1024x768A Wall Street Journal survey of 15 investment bank points to higher oil prices. The average forecasted price for Brent and WTI for 2018 from the 15 banks came in at $63 and $59 per barrel, respectively.

Both of those figures are up $1 per barrel from last month’s survey, an indication that falling crude oil inventories and rising geopolitical concerns are leading to a more bullish outlook.

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