Barron's Predicts $20 Oil Coming, But Recovery to $55 by Year's End

From Yahoo Finance:
Oil could fall as low as $20 a barrel in the first half of this year, says this week's cover story in Barron's. But as it recovers to $55 by year end, that could help drive stocks, which have closely followed oil prices, much higher. 
"Here Comes $20 Oil" by Gene Epstein points out that an indicator that has been correct for the past two years suggests that oil prices soon will bottom at $20 a barrel. See why Barron's expects the price of oil will recover to $55 late in the year and probably will bring a recovery in equities along with it. 
Says one analyst quoted in the article, "We think that the world is poised to lose a lot of oil production in the U.S., Colombia, Mexico, Venezuela, China, and then potentially in Russia, Brazil, and the United Kingdom sector of the North Sea," a precursor to the return of the bull market in the second half. 
Among the questions addressed in the article are the following:
Read more by clicking here.

Connect with us on Facebook and Twitter!

Popular posts from this blog

The Second Largest Oil and Gas Merger - Cabot and Cimarex

Is a Strong Oil Demand Expected This Year?

Pennsylvania Operator To Acquire Three Natural Gas Producers