I cannot seem to find the bloomberg article from last week that I have read that says a market consensus of USD50-55 for oil for 2016, but here is another article around the same timeframe saying the same:
It is not just UBS but it says market consensus of USD50. I was making another point about references to UBS.
Whether the analysts are right or not only time will tell. However, I used them as a reference as they are supposed to be experts in the area and I am not.
My last post on this discussion. I have made my point and looks like everyone else has. Let's move on. Next.
TAP Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held