Oil prices are expected to remain subdued into the new year, with murky prospects for the global economy and supply of crude weighing on the outlook.
Futures for West Texas Intermediate, the U.S. benchmark for oil, will likely be about $43.25 a barrel in the first quarter, according to a survey of 10 investment banks, suggesting the market will remain within a narrow band. WTI futures slid 0.9% to $45.34 Friday.
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This post first appeared on wsj.com
