Crude will look attractive to investors at $ 60 per barrel. However, $50 is a possibility. $60 is the golden price where it is low enough to keep inflation (food, energy, manufacturing..etc) in control and high enough for OPEC to make decent profits.
$40 or $20 per barrel will be a worst-case scenario if fundamentals break and the market is unable to maintain the price above $ 50 per barrel.
$40 or $20 per barrel will be a worst-case scenario if fundamentals break and the market is unable to maintain the price above $ 50 per barrel.