Here’s what analysts said about the commodities. Oil prices expected to stay around $60, but could go as low as $30 Brent crude and West Texas Intermediate (WTI) prices both opened above $60 a barrel today for the first time since January 2014 following a rally in the fourth quarter of 2017. Ole Hansen, the head of commodity strategy at Saxo Bank, expects Brent to sit at $60 a barrel at the end of the year – below the $67 a barrel high seen today – with concerns the balance between supply and demand holding prices back. “Given the impact on the price of oil of a few hundred thousand barrels per day in changed supply or demand we see the risk – especially during the first half of 2018 – skewed to lower prices with Brent crude oil more likely to trade in a $50 to $60 range […]