Analysts Raise 2007 Oil Price Forecast
Posted by zmann on October 3, 2006
Oil Analysts Raise 2007 Forecasts as Demand May Outpace Supply. That’s the headline on Bloomberg, I don’t make this stuff up. They’re worried about having been too low on their estimates the last 5 years so now they’re upping their #s for 2007. YTD they were $10 too low so will next year turn out to be $10 too high? BTW, they’re estimating $65 in 4q06 so we all better step up and buy some barrels.
Couldn’t be more ironic that November crude fell $2.35 today.