Oil Industry Sees Prices Going Higher

Oil prices slipped below $48 per barrel last week on the back of a strengthening dollar, increased U.S. crude stockpiles and indications Chinese and U.S. demand could be falling. But in the wake of reports that crude oil could go as high as $100 per barrel few believe the current price bubble is over yet.

This month, Deutsche Bank’s respected Oil and Gas analytical team asked oil industry leaders, fund managers, investors and economists how high they thought oil could rise in the short run.
The Daily Star