Oil Prices Could Jump 50% by the End of 2016

Investing in Exponential Growth Forums Research Oil Prices Could Jump 50% by the End of 2016

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    pc_admin
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    Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.

    Analysts are projecting prices will climb more than $15 by the end of 2016. New York crude will reach $46 a barrel during the fourth quarter, while Brent in London will trade at $48 in the same period, the median of 17 estimates compiled by Bloomberg this year show. A global surplus that fueled oil’s decline to a 12-year low will shift to deficit as U.S. shale output falls, according to Goldman Sachs Group Inc.

    http://www.bloomberg.com/news/articles/2016-02-03/oil-seen-surging-about-50-by-fourth-quarter-as-supply-eases

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