Wall Street Journal reports on oil price: 'lower for longer', under $60 through 2016

Author: Eamonn Sheridan | Category: News

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

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose