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From: Sam
Predictions from IEA for oil in 2015-2016--


Oil to remain around $55 this year: IEA
By Sara Sjolin
Published: Feb 9, 2015 8:12 p.m. ET

LONDON (MarketWatch) — Don’t be fooled: Oil prices might have staged impressive rallies over the past two weeks, but that could be it for this year’s price rebound.

In its “Medium-Term Oil Market Report” published Tuesday, the International Energy Agency said it sees Brent oil LCOH5, -0.79% averaging $55 a barrel in 2015, below even Brent’s currently depressed level of $58.

It only looks a little better for 2016, where Brent prices are expected to climb to $60 a barrel, before sneaking up to $73 by 2020, according to the IEA’s price assumptions derived from the futures curve.