Where are crude oil prices headed? Investors confused as analyst targets vary from $65 to $380 a barrel!

“For oil, the historical evidence suggests that oil demand goes negative only in the worst global recessions. But oil prices fall in all recessions to roughly the marginal cost,” Citi analysts said in a note.

Where are crude oil prices headed? Investors confused as analyst targets vary from $65 to $380 a barrel!
“For oil, the historical evidence suggests that oil demand goes negative only in the worst global recessions. But oil prices fall in all recessions to roughly the marginal cost,” Citi analysts said in a note.