(Bloomberg) -- Crude oil may exceed analysts'
estimates for a ninth year as forecasters fail to recognize the
lasting effect of changes to supply and demand fundamentals,
according to Deutsche Bank AG.
``The analyst community has been slow to adjust to the new
world order,'' Michael Lewis, Deutsche Bank's London-based head
of commodities research, said in a telephone interview
yesterday. ``We're now in the ninth consecutive year where the
market is underestimating the strength in the oil price.''
Read more at Bloomberg Energy News
estimates for a ninth year as forecasters fail to recognize the
lasting effect of changes to supply and demand fundamentals,
according to Deutsche Bank AG.
``The analyst community has been slow to adjust to the new
world order,'' Michael Lewis, Deutsche Bank's London-based head
of commodities research, said in a telephone interview
yesterday. ``We're now in the ninth consecutive year where the
market is underestimating the strength in the oil price.''
Read more at Bloomberg Energy News
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