Oil Rig Crude oil prices have stabilised near the $50 per barrel mark, leaving traders confused as to whether the next 20 percent move from the current levels is going to be higher or lower. The divergent views of the experts don’t make the job easier, and instead, add to the confusion. A Raymond James report forecasts an $80 per barrel oil price in 2017—a figure which is 60 percent higher than current levels. On the other hand, A. Gary Shilling, president of A. Gary Shilling & Co., a New Jersey consultancy, and author of “The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation,” forecasts that oil will drop to $10 per barrel from the current levels, reports Bloomberg . Further complicating matters, there is a Goldman Sachs report that says that the oil market will be back in a surplus by early 2017, […]