Oil price forecasts… WSJ – Commodity Research Group

May 31, 2016 by Jim Colburn Leave a Comment

Here is a look at a WSJ survey of investment banks’ oil price estimates:

Here is the link: http://www.wsj.com/articles/oil-price-forecasts-rise-as-oversupply-concerns-ease-1464674434

“Analysts cut their forecasts throughout the start of this year amid a glut of oil and concern over the Chinese economy, the world’s second biggest consumer of oil. But crude has rallied since it hit a decade low of below $30 early this year as U.S. output continued to decline and a series of production outages from Canada to Nigeria took barrels off the market. U.S. output has fallen from a peak of 9.7 million barrels a day in April 2015 to below 9 million barrels in recent weeks, according to government data.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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