RE:DIFFERENT ANALYSTS ... DIFFERENT PREDICTIONS
And none talk about the instability of the top oil producing nations in these war torn areas which includes IRAQ, Iran, Saudi Arabia, Russia and a ton of smaller players who really don't like either other and will be hitting the course of funding. Have you guys heard about the Russian frustration with NATO and ISIS?
We'll get $70 oil this year event without a flare up in the Middle East. Look at the history. Both recovery from cycles and minimum oil sustainable prices.
Yes, India and China wants to buy it all dirt cheap but large producers like the Saudi and experienced oil traders know the rebalancing will become violent as we switch from a buyers's market to a sellers market.
Prices are going up on the "real street".
There a bunch of amateur oil "traders" here are that have zero knowledge on commodities trading. They try to fake it but look at their focus of attention.