$100 Oil: Big Banks Believe A New Oil Supercycle Is Beginning ...Middle East

Some of the world’s biggest names in oil trading and analyzing can’t seem to get on the same page when it comes to predicting what will happen next for the volatile commodity. Some, like Jeffrey Currie of Goldman Sachs and Christyan Malek of JPMorgan, according to the Financial Times, are confident that oil is ready for the next supercycle—a prolonged rise in the price of oil. And when they refer to this rise, they’re talking $80, or even $100 per barrel. Others, like oil analyst Arjun Murti who correctly predicted the last…

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