The more bearish views forecast $30 per barrel, with some estimating as low as $20 per barrel. More bullish outlooks are primarily based on expectations that prices will "normalise" in a higher price band. Many banks are taking a more moderate view for oil prices with predictions ranging between $55 and $65 per barrel for the rest of 2009.
"The single most important source of short-term volatility has been the divergence in views of long-term prices, because without a broadly agreed calibration
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Credit risk quants are hitting the tech gap
- Quant Finance Master’s Guide 2019
- Princeton tops inaugural Risk.net quant master’s ranking
- Does credit risk need an expected shortfall-style revamp?