Below is a table put together by Reuters rounding up what wonks at some of the world's biggest banks think is in store for crude investors in the near-term.
|Société Générale||7 April||The world's oil markets have started to rebalance, and this will continue as long as US oil prices remain low enough to force output cuts among US shale producers.||We doubt Brent crude will be able to trade much above $45 this year.|
|Barclays||28 March||Oil prices could slump as much as 20 to 25 per cent from their current level of around $40 per barrel.||Oil could fall back to the low $30s.|
|Macquarie||28 March||Warns that the recent oil price recovery has taken place against a backdrop of weak fundamentals, and it will come to an end.||Crude prices will pull back to somewhere in the mid- to low $30 range.|
|Bank of America||17 March||Opec's output freeze, a strong driving season, easy money, and falling US shale output should push Brent crude prices to $47 by June.||Brent crude hits $47 by June|
|Morgan Stanley||14 March||Hedging plus storage may cap WTI upside in the low-to-mid 40s.||Brent crude capped in the mid-to-low $40s.|
|Goldman Sachs||11 March||Expects oil prices to remain volatile in the second quarter and sharp declines could weigh on the relief rally.||Prices remain within $25 to $45.|
|Credit Suisse||3 March||Oil prices could soar to $50 as soon as next month.||Could hit $50 in May.|