Oil Consensus for 2009, 2010, 2011

Friday, October 9, 2009

These are the consensus for Oil Prices for the end of 2008 and 2009:

The median estimate for the end of this quarter remains at $66, which is more than $20 above the current price of oil. (...) For the end of the first quarter, analysts are collectively looking for a price of $64.

By the end of Q3 '09, analysts expect oil to be at $71.5. Expectations are for $83 by the end of 2010, $100 by the end of 2011, and $95 by the end of 2012. Based on these estimates, analysts aren't expecting the speculative high of $145 to be reached at any time over the next four years, but they are expecting a considerable rebound. In Bespoke Investment Group

In the Oil Traders Blog you can find every oil projection, forecast and opinion from market movers. Follow live oil prices with charts on the Oil Traders Blog. A Blog from traders to traders.


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