Oil Costs How Much? How the Oil Rally Took Forecasters by Surprise

Oil Costs How Much? How the Oil Rally Took Forecasters by Surprise

No one is extra stunned by $75 oil costs than Wall Street’s oil specialists.

The worth of crude has climbed almost 12% this yr and has reached its highest ranges since 2014—a rally that has caught most large banks flat-footed. Last December, analysts surveyed by The Wall Street Journal predicted that Brent crude, the worldwide benchmark,…

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