According to Bloomberg , questions over demand growth, relative production from the U.S. and OPEC and the lingering glut are dividing prognosticators and generating some seriously divergent views of what the future holds for oil prices. Glencore Plc, Gunvore Group Ltd. and Trafigura Group Pte are all bullish, Bloomberg notes, estimating that prices will exceed $60 by late in 2018. Trafigura is particularly optimistic, noting that OPEC cuts and surging demand will allow market rebalancing in 2018, while a lack of new production due to cuts in capital expenditure will see a shortage in markets by 2019, lifting prices further. Trafigura’s co-head of group market risk Ben Luckock declared an end to “lower for longer” in September, noting that surging demand in India would drive global demand and squeeze supplies by 2020. India, often cited as the world’s fastest-growing oil consumer, has actually seen a decline in oil demand […]