Oil to drift lower in 2013, crash unlikely: poll

Financial Post | Business

Slow economic growth and ample supplies are expected to keep a lid on oil next year with crude prices gradually slipping lower.

But analysts polled by Reuters say a price crash is unlikely and geopolitical concerns should help support the market.

Reuters monthly survey of 26 analysts forecast North Sea Brent crude oil will average $108 per barrel in 2013, down from an average of $111.71 so far this year.

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