Just a gentle nudge about something I've repeatedly commented about this year...
As oil prices nudge higher, the growing consensus seems to be toward $80 oil prices (Brent, not WTI).
My own view is $80 oil is not sustainable, it is too high. My preferred range that I view as sustainable this year is around $65. Note, that $65 number is not my prediction, it's what I see as a reasonable price range that is not too high to hurt many global economies, and not low to hurt many oil produc