Oil Price Update: Is the oil price flat-lining?

23 August 2016

Perhaps it’s the geology that does it, but oil is one of those markets that tends to obsess about peaks and troughs: has the price bottomed out? have we passed peak oil? which could go some way to explaining why the current situation feels so unusual. If you look at market consensus views out to 2020, the line is, well, flat.

So what’s driving this? We know what drove the price down in the first place, but what’s keeping it there now? Find out more: http://pwc.blogs.com/deals/2016/08/-oil-price.html.

 

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