Big Banks Predict $20 Oil — And Causation Is Nuanced

Adam Longson, Morgan Stanley’s head of energy commodity research, notes that one factor could send oil prices “into the $20s.” Longson is not alone, as Morgan Stanley, Goldman Sachs, Citigroup and Bank of America Merrill Lynch have all made calls for $20 oil. What does it mean when the big banks – arguably the most dominate force in financial services – fall in line and make a similar call on oil? Something is afoot and the world's most powerful financial force has a view on the world -- and what they see is more nuanced than a supply glut or wavering demand. They see a larger, more complex picture.

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