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Wednesday
Sep122007

Oil Price Forecasts

DateWednesday, September 12, 2007 at 04:28AM

With oil hitting new highs again, below we highlight the average commodity analyst price forecast for Q3 '07, Q1 '08 and Q4 '08.  As shown, analysts (as surveyed by Bloomberg) are expecting declines in the commodity through year-end 2008.  Expectations for the end of this quarter are $66.87, $11+ lower than current prices.  Q1 '08 expectations are $63.35, and Q4 '08 expectations are $58.50.  We haven't seen oil in the $50s since March.

Oilprices

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