Indications From The Conference Board

Indications 2.2. Drilling down on oil prices: Back to $40 or on to $100?

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Sinopsis

Oil broke $70 a barrel for the first time in four years in January and hasn't receded since. Most experts predict it'll remain between $70 and $85 in the near term. But any sense of stability or consensus is deceiving. A witches' brew of volatile, complicated, and often countervailing global forces has been the real story of oil prices in 2018—and likely the only safe bet for 2019 as well. Ataman Ozyildirim, Director and Global Research Chair at The Conference Board, breaks down the factors at play with the help of an expert panel. Will a "long, soft fall" of Chinese growth temper global demand? Can US shale overcome refining and distribution bottlenecks to reach more ultimate consumers—at lower prices? And how are oil watchers gaming out the extraordinary constellation of questions swirling around Iran, Venezuela, and now Saudi Arabia?    Indications 2.2 reading list Window on Oil Prices (webcast) Bethany McLean: "The Next Financial Crisis Lurks Underground" (NYT)  Sustainability Practices: 2018 Edition Tra