| Since the beginning of 2016, the oil price has been on a tear and is up by around 100% from the lows of $26 a barrel printed just a few months ago, and all the “expert” pundits seemed really bearish right as Oil hit its low.
Indeed, at time of writing both Brent and WTI are trading around the key $50 a barrel level and some analysts are now projecting that the price of black gold could head back to $70 a barrel by the end of the year. In a research report sent to clients on Monday, analysts at Raymond James laid out their case for oil to hit $70 a barrel by the end of 2016, and $80 a barrel by 2017...............................................Full Article: Source
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