Predicting where oil prices would go next month or next year has always been a game of hit and miss, all the more so in the past two years since the oil price crash began. Analysts have forecast prices in the range US$10 to US$70 at various points this year, and actual prices have also had a bumpy ride, with WTI Crude ranging from below US$30 in January 2016 to a 17-month high briefly touching over US$55 on December 12, 2016. Heading into 2017, the oil price predictions by major organizations and investment banks are generally not widely diverging and hovering in the US$50-$60 range, but there have been some wilder viewpoints that are phenomenally bullish or direly bearish. In February of this year, when WTI was just over US$31, Brandon Blossman at Tudor Pickering Holt & Co said he expected oil at US$70 by the end of the […]