Originally Posted by MIKECR
Todays good news however is that the oil price continues to decline and that expert opinion now appears to suggest sub $100 per barrel by year end.
Would these be the same "experts" who were predicting $200/barrel before the year was out? A few weeks ago nobody thought it had any chance of dropping, and then when it did we saw what effect the Iranian missile test had.
I wouldn't count on it being below $100/barrel by the end of the year. It's hard enough to predict what it's going to be this time next week, never mind 5 months' time.