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My Outrageous Prediction on oil came true!
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Brent crude slipped below USD 80 a barrel on Wednesday which is something of a shocker for Saxo Bank's Head of Commodity Strategy, Ole Hansen. It was one of his Outrageous Predictions for 2014, something that, at the time, was highly unlikely to happen.
Every December, Saxo Bank asks its senior analysts to make what it calls our Outrageous Predictions. They're designed to cause a stir, to create debate and to change the way we look at the world. Ole says he's very surprised that this has happened as for many years, the average price of a barrel of Brent was around USD 130
Ole explains why we've got here and considers whether he'll have to be even more outrageous for his next set of predictions. Our next Outrageous Predictions publication will be released in December.