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Crude Oil Futures - Jun 15 (CLM5)

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57.29 -0.46    (-0.79%)
24/04 - Closed. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 57.74
  • Open: 57.49
  • Day's Range: 56.50 - 57.94
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Crude Oil 57.29 -0.46 (-0.79%)
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Crude Oil Analysis

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Banks Forecast Summary - March

Updated: 16/04/2015
  Q215 Q315 2015 2016 2017
Median 48.0 54.9 53.6 66.5 72.8
Mean 48.5 54.6 53.0 65.5 71.0
Maximum 58.0 75.0 75.0 93.0 106.0
Minimum 35.0 45.0 46.0 54.0 59.0
# of forecasters 28 24 31 29 18

Analyst forecasts - March

Analysts Q215 Q315 2015 2016 2017
ABN Amro 50 - 55 70 -
ANZ 42 47 47 61 65
BNP Paribas 48 58 55 70 -
Banco BPI 48 47 48 54 59
Barclays 39 47 46 - -
Bernstein - - 75 85 90
BofA Merrill - - 50 57 -
CIBC 48 62 57 70.5 -
CRISIL 52 56 55.5 61.5 68
Capital Economics 51 56 55 60 65
Citigroup 35 45 46 61 -
Commerzbank 43 60 56 75 -
Credit Suisse 53 - 56 72 75
EIU 46.28 51.62 51.93 65.51 -
First Energy Capi 50 53 52 67.25 74.5
Goldman Sachs 40.5 - 47.15 65 -
Intesa Sanpaolo 53 58 55.3 66.5 72
JBC Energy 46.66 55.6 53.32 70.37 -
Jefferies 43 49 47.25 62.5 72.25
LBBW 50 55 50 60 70
Morgan Stanley - - 59 - -
NAB 49 54 53 67 -
Natixis 43 56 52.4 60 66
Nomisma Energia 51.55 54.19 52.09 59.91 63.18
Raiffeisen Bank I 51 57 55 73 82
Raymond James 55 65 62 75 80
Santander 50.59 51.5 51.5 57 63
Societe Generale 45 50 49.3 60 65
Standard Chartere 58 75 67 93 106
UBS 48 - 49 62.5 75
Unicredit 54 54 54 66 -

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Latest Crude Oil Comments

Cheung Lau
Cheung Lau Apr 26, 2015 08:14AM GMT
oil will hot 61 by Thursday, get covered. here in New York the expectations are high
Profit Maker
Profit Maker Apr 26, 2015 08:28AM GMT
urfos

Enlighwisdom Wisdom
Enlighwisdom Wisdom Apr 26, 2015 06:49AM GMT
To Top Floor : Greece is a small fly ... Germany is well prepared and so does Greece ......... it is a good news , regardless of its exit or not. Greece will get helps from Russia and China, with assets exchange with money. Trust me, lots of money willing to enter Greece by taking over its banks, properties,lands,,,etc. It will be a new Greece.
Steve Fenety
Steve Fenety Apr 26, 2015 07:20AM GMT
I agree that Greece will be better off out than in, but not that the EU will survive easily if Greece leaves. That is particularly true if Greece accepts assistance from Russia or China. It might be just as worrying in Europe to imagine a direct participation by Russia as it has been for Russia to accept the growth of NATO into the Ukraine. As for what it means for oil demand, probably very little. I can't see the EU prospering from GREXIT, but not declining economically either.
Shah Alan
Shah Alan Apr 26, 2015 12:41PM GMT
Steve Fenety, it occurs to me that you write these essays, pontificating on how things are but you do not support your thousand of words with any hard fact. You merely claim that you know how things are and work. I pray that no one listens to you for more than entertainment.

Frye Em'up
Frye Em'up Apr 26, 2015 04:56AM GMT
I'm of the mind that we should see a quick up likely to the low 70's, hold for a short while and then drop quickly to the 50's and then a gradual drop down to the high 30's. My reasoning is the price is artificially propped up now given the present inventory, et al with plain ole manipulation. That manipulation will stop, things will quiet down and the price will naturally be allowed to erode. We're forgetting that the price has been manipulated for POLITICAL reasons. SA is just a pawn of the US and in the last year has gone on with a campaign of increasing their drilling activity. There are a few objectives that big oil wants to achieve here and it's also to swallow up smaller operators. We've seen some mergers/sales take place, but no hostile take overs just yet. When the dust settles, we should see 150's and higher become the norm.
Steve Fenety
Steve Fenety Apr 26, 2015 05:17AM GMT
I don't believe the Saudis are in league with the US and in any event, in this country, believe it or not, the wishes of the President or any other politician do not affect the trading directions of the big houses. As for the Saudi I think they were honest in saying they do not want to carry the load in trying to regulate the supply of oil anywhere anymore. They'll join with other MAJOR oil producers in sharing the market, but they won't lead. It makes good sense to me. Their market share got creamed by their so-called "partners" in OPEC every time they took a bullet in production to support the price. That makes no sense.
Steve Fenety
Steve Fenety Apr 26, 2015 05:26AM GMT
But I do think things did not unfold as the Saudis predicted when they stopped playing the role of market maker on the supply side. No one realized that a very low interest rate policy in the USA since 2009 had created an investment community desperate for a chance to make money, and the memory of oil in 2009 was fresh in the mind. So a vast amount of US capital came to the aid of the oil industry in both supporting the price of oil and allowing many companies to park their operation for whatever time it takes to get better prices.But the Saudis will not step back to that plate; I don't think they'll even allow Iran some entry room which is probably what the USA is trying to achieve before the final agreement on Iranian nuclear and the sanctions is drafted..
Shah Alan
Shah Alan Apr 26, 2015 01:01PM GMT
You say I don't believe. You say I think. You say I don't think. Do you have any facts? No.
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