A piece in the Wall Street Journal overnight says

  • Analysts are growing more bearish about the oil price

The Journal surveyed 13 investment banks:

  • Cut their average forecast for Brent crude by $9 to $58.70 a barrel, compared with last month's survey
  • For West Texas Intermediate, average forecast is for $54.40 a barrel, also down $9 from August

Continued excess supply cited as the main driver

The Journal also include a handy 'dot plot', aren't these becoming popular?

More at the article, which does not appear gated