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Analysis

Oil prices expected to rise steadily

Oil prices expected to rise steadily

In early February, when the oil price was around $50 per barrel, OMFIF asked its Advisory Board to estimate where the oil price will be every three months until March 2016. Answers ranged from peaks of $140 a barrel to lows of $45 a barrel. On average, responses showed the price rising steadily throughout the year to just below $80 a barrel in 12 months. The expected price points were $56.5 in June, $62.8 in September, $70.5 in December and $77.5 in March 2016.

 

oil poll