Analysts express skepticism by not raising price expectations… WSJ

This makes sense to me:

“A survey of 13 investment banks by The Wall Street Journal predicts that Brent crude, the international oil-price gauge, will average at $56 a barrel next year, down by more than a dollar from last month’s survey. The banks expect West Texas Intermediate, the U.S. oil gauge, to average $54 a barrel next year, also down a dollar from the previous survey.”

Here is one reason for skepticism regarding an OPEC deal:

“The return of barrels from those countries (Iran, Libya, Nigeria) means bigger cuts will be needed from other OPEC producers, including from the biggest one, Saudi Arabia. That would require a move from Riyadh’s two year policy of defending its market share by pumping at full tilt.”

http://www.wsj.com/articles/opec-deal-fails-to-lift-oil-forecasts-1475678976