2015 is about to start, and one of the most important economic questions we need to answer is: “Where will oil prices go in the next 12 months ?”
(original publishing date: 12/30/14)
The market seems to be sure about the fact that oil prices in 2015 will be higher than the current levels, the big challenge is to determine “how much higher” they will be.
Goldman Sachs, Bloomberg and, most importantly, the futures market have this opinion:
We think, as we have illustrated in our forecast for 2015, that oil will reach that 80 $ level by the end of the year.
Someone thinks oil prices will decline again, reaching 30-40 $ per barrel. That would be another interesting scenario for market volatility.