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Published on Saturday, January 26, 2019 | Updated on Monday, January 28, 2019

U.S. | Oil Prices Outlook. January 2019

OPEC+ decision to reduce output prevented prices from declining further. The expiration of import waivers of Iranian oil could have a positive effect on prices. U.S. production is expected to remain robust through the year. Demand is projected to slow down as global economic growth weakens. Prices could move between $60 and $70 in 2019, but may decelerate further in 2020.