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This Crude Oil Price Chart Shows Where Futures Will Go in 2015

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - May 15, 2015

Oil prices have had a tumultuous week - but the volatility is only short term.

As this crude oil price chart shows, all major banks see prices rebounding. Some see oil surging to the mid-$70 range by Q4.

Here's where Morgan Stanley, Commerzbank, and others see WTI prices by the end of the year...

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This Crude Oil Price Chart Shows Where Futures Will Go in 2015

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - May 15, 2015

Oil prices have had a tumultuous week - but the volatility is only short term.

As this crude oil price chart shows, all major banks see prices rebounding. Some see oil surging to the mid-$70 range by Q4.

Here's where Morgan Stanley, Commerzbank, and others see WTI prices by the end of the year...

Crude Oil Price Charts Compare 2014 to 2008

By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - December 31, 2014

Oil hit its lowest point in more than five years this week, continuing 2014's huge drop. This WTI crude oil price chart and Brent oil chart show how large the oil crash of 2014 has been.

In June, WTI oil futures traded as high as $101.33 per barrel. This week they touched $52.51.
That's a drop of 48.2% in just six months.

Here's how that compared to another historic crash in oil prices...

Crude Oil Price Chart: This Is the 4th-Largest Drop in 30 Years

By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - December 9, 2014

West Texas Intermediate (WTI) crude oil dropped to $63.38 yesterday (Monday). At that level, the price of oil is now down more than 42% since September of 2013.

As this crude oil price chart shows, that's the fourth-largest bear market for oil in the last 30 years.

And while this isn't the biggest drop for oil, it is the longest bear market among the top five dips.

Here's the full story...