At the recent Abu Dhabi Petroleum Exhibition & Conference a number of senior oil executives agreed that, come this time next year, the price of crude oil will essentially be where it is today – around $60 a barrel. The author of today’s article, however, disagrees with that forecast, predicting that oil will have risen to $80 a barrel by November 2018. Why does he believe that the decline in volatility seen in other assets will not necessarily apply to oil? CLICK HERE.
Crude Forecasts: Where Will Oil Be In November 2018?
- by Bob Mitchell