Wall Street Prediction for Oil Prices
Overall, the street expect oil price to go up. But the futures oil prices are much lower than those of the forecasters.
From Goldman Sachs :
" Forecasters and market participants disagree about the likelihood of a significant rebound in oil prices during the next 12 months. Many clients shares the views priced into the futures market that oil will remain below $70 by year end 2015. However, OIL PRODUCERS anticipate an rebound, expecting oil to rise by 35 % by year end 2015 "
Is oil oversold ? is it time to go long energy stocks ?
From Goldman Sachs :
" Forecasters and market participants disagree about the likelihood of a significant rebound in oil prices during the next 12 months. Many clients shares the views priced into the futures market that oil will remain below $70 by year end 2015. However, OIL PRODUCERS anticipate an rebound, expecting oil to rise by 35 % by year end 2015 "
Is oil oversold ? is it time to go long energy stocks ?