Overall, the street expect oil price to go up. But the futures oil prices are much lower than those of the forecasters.
From Goldman Sachs :
" Forecasters and market participants disagree about the likelihood of a significant rebound in oil prices during the next 12 months. Many clients shares the views priced into the futures market that oil will remain below $70 by year end 2015. However, OIL PRODUCERS anticipate an rebound, expecting oil to rise by 35 % by year end 2015 "
Is oil oversold ? is it time to go long energy stocks ?
From Goldman Sachs :
" Forecasters and market participants disagree about the likelihood of a significant rebound in oil prices during the next 12 months. Many clients shares the views priced into the futures market that oil will remain below $70 by year end 2015. However, OIL PRODUCERS anticipate an rebound, expecting oil to rise by 35 % by year end 2015 "
Is oil oversold ? is it time to go long energy stocks ?