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Wall Street Wasn't Ready for $75 Brent

dowmike in Markets & Trading

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dowmike    + 37

ML

$75 oil has taken Wall Street by surprise. Despite so many bulls calling it, I don't think Wall Street believed it. Bulls have been crying wolf on this for a long time. But honestly, I think it's just the geopolitics catching up to everyone. They grew numb, but the numbness is wearing off. 

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bboss    + 1

SA

Absolutely. I kept this picture of investment banks expectations from november 2017.

 

 

oil-forecast.png

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