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December 13/2017

Credit Suisse Expects Oil Prices at $50-60 in Medium Term

Credit Suisse forecast oil prices will stay in the $50-60 range over the next few years, with analyst William Featherston saying at prices of low $50s, oil futures are already undervalued.

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The Swiss bank also started covering a string of energy companies. According to Featherston, these are currently valued in line with the back end of the futures curve and at an about 10% discount to Credit

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Credit Suisse, oil, Brent, WTI, Forties pipeline
 

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