Oil price forecasts are all over the map, from $50/bbl to $250/bbl.
Read: https://oilprice.com/Energy/Oil-Prices/ ... tions.html
My prediction is that we see a spike to $100/bbl when the sanctions against Iran go into full affect. Plus, I think exports from Venezuela go to zero within 12 months.
Oil Price Forecasts - July 19
Oil Price Forecasts - July 19
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group