Market experts: Oil could go lower but prices will rebound

Crude prices may continue their slide, but a top government energy economist predicts the price of Brent oil will rise to $40 a barrel by the end of this year, and to $50 a barrel by the end of next year.
“Can we have $30 a barrel oil continuing indefinitely into the future?” Adam Sieminski, head of the U.S. Energy Information Administration, asked at a hearing of the Senate Energy Committee in Washington on Wednesday. “And I think the answer to that is no.”
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