11.07.2016 - Why an oil price crash remains unlikely
There has been a lot of optimism returning to the energy markets of late as oil prices have climbed to the $50 a barrel region. Ironically, while a few years ago $50 a barrel would have been seen as an unthinkably low oil price, today it is regarded as much needed relief from prices that ran in the $25 a barrel region earlier this year. Yet with the climb in prices, analysts are now starting to forecast prices per barrel of as much as $80 in the next year. That view is not the mainstream though. Instead most analysts are looking for oil prices to remain in the $50 range over the next year, and that has some investors forgetting about the possibility of a renewed downside in oil which could create more losses. ..............................................Full Article: Source
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