The Traderszone Network

Published in TZ Latest News 14 August, 2015 by The TZ Newswire Staff

Optimistic Oil Experts Still See Rally as Crude Hits New Lows

Oil analysts are, if nothing else, optimists. At the time, analysts as a group predicted oil would average about $100 a barrel this quarter and the most pessimistic called for $84, instead of the low $40s it’s languishing at. “Oil prices have so many moving parts that it’s exquisitely challenging to predict,” said Credit Suisse Group AG global energy economist Jan Stuart.