Unnamed OPEC delegates cited by Reuters:
– Two Gulf OPEC delegates see oil around $40-$50 (Brent) until year end, hope it will reach $60
– Delegates say latest fall should reduce over supply should reduce oversupply by year end and help to lift prices
OPEC delegates don’t have any more idea that you or I about what will happen to oil prices. None of them saw the first (or second) collapse coming.