“There are just so many factors that have an influence on the price of oil right now …. “I always tell people who are starting to do forecasts that if you can’t forecast right, forecast often,” Williams chuckled. This challenge is best characterized by the various price forecasts issued by industry pundits that are poles apart,” Valance and his team wrote. “Our forecasts are still well below current oil prices …. At BMO and CIBC, forecasters are a little more bullish on the outlook for oil prices in 2023.

Source: thestar January 01, 2023 01:00 UTC