$10? $100? Where the Oil Price Goes this Year is Anyone's Guess

"The median price predicted by analysts is around $46 a barrel for the end of 2016, but there is a lot of variation around that number. 

Last year, noted economist A Gary Schilling suggested oil could fall to as little $10 a barrel. 

Natixis SA, a Paris-based bank believes crude will average $38 a barrel in the fourth quarter of the year on concerns about Iranian production increases

Recent oil bullishness has been driven by increased oil supply disruptions which alleviate the daily production glut - Venezuela, Nigeria, China, Libya, Canada

“High” prices could be short lived, with Saudi Arabia and Iran both preparing to ramp up production and the hit to output in Canada due to wildfires being quickly resolved. 

Oil prices could be headed lower if the Fed raises rates in June. That scenario now looks increasingly likely thanks to inflation that is stronger than many have been expecting and an economy that is at least stable though not strong. 

U.S. rig counts are also still falling, with the number of oil rigs in the country down by more than half in the last year."

The Wildest Predictions For Oil Prices In 2016 | Zero Hedge

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