Crude price forecasts made by the north-east oil and gas community a year ago had a range of almost $100.
Guests at last year’s inaugural Burness Paull oil and gas conference were asked how much they thought a barrel of oil would be worth in a year’s time.
The event took place in late March, with the oil price sitting around $55.
The highest prediction was a somewhat optimistic $135, the lowest was $38, and the median was $78, according to Burness Paull chairman Philip Rodney.
He revealed the results at the law firm’s second annual energy conference, which took place yesterday in Aberdeen.
Earlier yesterday morning, oil prices rose above $50 for the first time in nearly seven months.
Recommended for you
