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


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