How Analysts Are Wrong About Crude Oil Prices – Again
February 10, 2015 at 17:31 PM EST
Despite a 20% jump in crude oil prices, some pundits continue to predict more pain. In fact, just yesterday, Citigroup analyst Ed Morse came out with his most bearish forecast yet. According to Morse, oil prices could fall another 60% to $20 a barrel. As for the recent rebound, Morse thinks it looks more like a "head-fake" than a sustainable turning point. The post How Analysts Are Wrong About Crude Oil Prices – Again appeared first on Money Morning - We Make Investing Profitable .
