'Oil price hits $50 a barrel – could it now go on to $55, $60 or $65?'

'Oil price hits $50 a barrel – could it now go on to $55, $60 or $65?'
May 26, 2016

//Energy giant BP has revised up its price assumption for next year to between $50 and $55,says the BBC, while earlier this month, previously bearish Goldman Sachs brokers said prices should remain around $50 for the rest of this year and rise to $60 a barrel by the end of next.//

//Citigroup analysts have gone further and said crude stocks could fall for a concerted period and that prices could be as high as $65 a barrel by the end of 2017.//

http://www.theweek.co.uk/oil-price/60838/oil-price-nears-seven-month-high-will-it-break-50