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by Jim Colburn Leave a Comment
From the WSJ:
“Since the price of oil began its decline in mid-2014, analysts at major investment banks have struggled to accurately predict its moves, both short- and long-term.”
I would argue that analysts have always struggled to accurately predict future prices (think $200 predictions in 2008, just before the market dropped to $35)… There are just too many moving parts…
But the article is worth a look:
http://www.wsj.com/graphics/oil-forecasts-flummoxed-forecasters/
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