U.S. economists agree oil prices likely to ease

Speaking at the Council on Foreign Relations, JP Morgan Chase’s chief economist John Lipsky, Banc of America chief economist Mickey Levy and Morgan Stanley’s director of global economics Stephen Roach said they expected oil to slip back to around $35 a barrel from more than $42 as the Organization of Petroleum Exporting Countries (OPEC) increases supply and market speculation moderates.

Forbes.com