Oil Prices Will Average Below $50 In 2021

Despite the recent progress in vaccine development, oil prices will continue to be subdued in the first half of next year, while oil prices will not average above $50 for the whole of 2021, the monthly Reuters poll of analysts showed on Monday.  The U.S. benchmark WTI Crude is set to average $46.40 per barrel next year, compared to $46.03 a barrel expected in the previous month’s poll, according to the survey of 40 economists and oil analysts.  The experts see Brent Crude averaging $49.35 a barrel in 2021, slightly down from $49.76…