20-04-2017 13:48 via articlefeeds.nasdaq.com

Bullish Oil Price Predictions Should Be Treated With Caution

Despite prices levelling off and a continued resurgence in American production, bullish predictions on future prices are stacking up as analysts weigh in on where oil is headed.Citigroup Inc. haspredictedthat oil will rally past $60 per barrel by the end of this year. Citi analysts expect shale to come “roaring
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