Skip to content
Subscriber Only

Raymond James: Get Ready for $80 Oil

"When oil drilling activity collapses, oil supply goes down too!"

Rebounding after a two-year collapse, it's only this month that oil's pushed up past $50 a barrel, but Raymond James & Associates says this is just the beginning for higher prices.

In a note to clients, analysts led by J. Marshall Adkins say West Texas Intermediate will average $80 per barrel by the end of next year — that's higher than all but one of the 31 analysts surveyed by Bloomberg.