Source Research: Oil Is Still Heading To $20

The oil price is sliding again and just as they did before, analysts are now rushing to issue the most bearish forecasts possible for the black gold.

Source, the Multi Asset Research platform, is one outfit that has stuck to its pessimistic price forecast for oil since the beginning of the year despite the positive price action.

Black Swans & Barrels: How To Think About The Future Of Oil Prices

Source’s analysts believe that the price of oil could fall to $20 a barrel in the near-term as mean reversion works to bring the price back into line with historical averages.

Oil: Still on track for $20?

Analysts write that in today’s dollars, while has spent 80% of the past 150 years trading...