The latest survey on oil markets, conducted by consultancy Deloitte Services, showed that a majority of the US oil executives expect crude oil prices to stay below $60 per barrel (bbl) through 2018.
Key Findings via Reuters:
‘The survey was based on a poll of 250 executives at companies that produce, transport and refine oil and natural gas
Nearly two-thirds of the US oil executives see crude oil prices remaining below $60 per barrel through 2018 and not hitting $70 until at least the next decade
Half of executives polled said they expect capital spending to drop next year, and nearly 60 percent said they expect a decline in the number of drilling rigs active across the United States
The mood among executives was less pessimistic for natural gas prices, with those polled saying they expect prices to rise above $3 per million British thermal units into next year. ‘
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.