Where do you think the price of oil is headed?
There’s quite a difference of opinion among investors, analysts and pundits. On Monday, Citigroup analyst Edward Morse said the recent rally for oil looked more like a “head-fake than a sustainable turning point,” and said oil could drop to as low as $20 a barrel before it turns around.
The price for West Texas Intermediate crude for March delivery CLH5, +2.81% rose as much as 2.8% to $52.65 on Friday.
The International Energy Agency said Tuesday it expected Brent crude oil to average $55 a barrel this year, with the average price climbing to $60 in 2016 and eventually to $73 in 2020. (more)
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