Jefferies Sees Further Upside for Chinese AI Stocks as Valuation Gap Narrows 
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO 
BTC Dips on Trade Tension Ease, But 450 BTC/Day Whale Says “Buy More” – Eyes $107K Glory 
$96K+ Breakthrough! Bitcoin Rockets on Weak CPI & Record $754M ETF Surge 
Latest survey by prominent newspaper Wall Street journal shows that most of the invest banks are expecting oil to stay below most parts of 2016.
- Investment bank Goldman Sachs is the most bearish among bankers, which is expecting price to rise slowly through 2016 but remain below $50.
- On the other hand BNP Paribas and ING bank are most bullish among bankers. BNP expects price to reach $60/barrel by second quarter of 2016, while ING is expecting price to reach $70/barrel by fourth quarter of 2016.
- Standard Chartered and Barclays expect prices to rise relatively faster after second quarter to trade around $70/barrel.
One thing can be read from the survey that no investment banks are expecting prices to dip below $40/barrel next year and none is expecting much deterioration from here even in this year.
Kindly note that Goldman has indicated that price might go as low as $20/barrel in certain scenario but that is not their base case.
WTI is currently trading at $46.8/barrel and Brent at $2.6/barrel premium.
