Gunvor and Glencore see crude at $60 as demand growth quickens ‘Huge’ wave of U.S. shale could push price to to $45: Vitol The world’s biggest oil traders say crude could rise above $60 a barrel in a year as demand grows and OPEC keeps cutting. Or it might fall to $45 as another wave of U.S. shale hits the market. The disagreement between Glencore Plc , Gunvor Group Ltd. and Trafigura Group Pte on the bullish side, and Vitol Group on the other, underscores the huge uncertainty over the key drivers of oil supply and demand. Growth in consumption has been stronger than expected this year, helping the recent price gain, but the speed of the expansion in U.S. output has also proved hard to predict. A big surprise from one of those competing forces in 2018 could tip markets in either direction. “Towards the back end of […]