oil prices generally aren’t expected to change dramatically this year but two big questions loom over that outlook will china have the workers needed to rev up its economy as the country loosens its covid restrictions and will american energy companies focused on fracking stick to their recent reluctance to bankroll another expensive oil boom brent the international oil standard peaked above 127 a barrel last year but has since tumbled trading around 84 a barrel thursday around twothirds of energy executives surveyed by the federal reserve bank of dallas late last year expected west texas intermediate oil prices—which tend to fluctuate a few dollars a barrel below brent—to end 2023 between 70 and 90 per barrel the forecast is based largely on the fact that analysts expect global oil supply to outpace demand this year as economic growth slows