Unnamed OPEC delegates cited by Reuters:
- Two Gulf OPEC delegates see oil around $40-$50 (Brent) until year end, hope it will reach $60
- Delegates say latest fall should reduce over supply should reduce oversupply by year end and help to lift prices
- Third delegate says prices may dip again to below $45 before rebounding to around $60 by year end
- Four delegate says $50-$55 is the maximum he expects for the rest of 2015
OPEC delegates don't have any more idea that you or I about what will happen to oil prices. None of them saw the first (or second) collapse coming.
