During the first six months of 2016, it looked as if oil prices were back on their way to $80 or even $100 a barrel as demand surged and supply started to fall. However, over the past few weeks oil prices have erased almost all of the year-to-date gains and analysts are once again competing over who can publish the lowest justifiable price target. Source Research: Oil Is Still Heading To $20 In a research booklet sent out to clients at the beginning of this week, Societe Generale oil analyst Michael Wittner tries to explain why oil prices are now…
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