by
Co-Head of Real Asset Strategy

Key takeaways

  • At $67 per barrel, WTI (West Texas Intermediate) oil prices look high to us. Global supply growth continues to outpace demand growth.
  • In addition, Saudi Arabia has floated the idea of increasing oil production.

What it may mean for investors

  • We are expecting WTI crude-oil prices to head into the $50s by the end of 2018.

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