21.06.2016 - Oil price could hit $80 in 2017
Rebounding after a two-year collapse, it’s only this month that oil prices have pushed up past US$50 a barrel, but Raymond James & Associates says this is just the beginning for higher prices. In a note to clients, analysts led by J. Marshall Adkins say West Texas Intermediate will average $80 per barrel by the end of next year — that’s higher than all but one of the 31 analysts surveyed by Bloomberg. “Over the past few months, we’ve gained even more confidence that tightening global oil supply/demand dynamics will support a much higher level of oil prices in 2017,” the team says...............................................Full Article: Source
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