Oil Price Forecasts

[dan_s]

What do the experts think?

http://www.oilandgas360.com/oil-view-fa ... 5-26401157

Oil Price, Forecast $/bbl, period average
Year WTI Brent WCS (worst case scenario)
2013 $98.02 $108.74 $73.58
2014 $92.15 $98.94 $74.00
2015 $73.00 $80.50 $58.00
2016 $88.00 $98.00 $73.00

• What a difference six months makes. Despite the ‘sky is falling’ turn in market sentiment since last month’s OPEC meeting, we are still medium- to long-term constructive on global crude prices. In light of recent events, it does look as though we are in for at least a six month bear market though, and are adjusting our forecast to reflect that.