Rebounding after a two-year collapse, it’s only this month that oil prices have pushed up past $50 a barrel, but Raymond James & Associates says this is just the beginning for higher prices. In a note to clients, analysts led by J. Marshall Adkins say West Texas Intermediate will average $80 per barrel by the end of next year — that’s higher than all but one of the 31 analysts surveyed by Bloomberg. “Over the past few months, we’ve gained even more confidence that tightening global oil supply/demand dynamics will support a much higher level of oil prices in 2017,” the team says. “We continue to believe that 2017 WTI oil prices will average about $30/barrel higher than current futures strip prices would indicate.” The team went on to lay out three reasons for their bullish call, all of which are tied to global supply […]