Oil analysts says oil in realistic range around $40 - 60 for next 15 months (WTI)

I'm doing a few catch-up posts ...

Tom Kloza, global head of energy analysis at Oil Price Information Service says:

• "Anything beyond the realm of the next 18 months smacks of witchcraft rather than real analysis"
• Sees a more realistic range between $40 and $60 a barrel for monthly WTI averages over the next 15 months
• "Anything north of $60 a barrel brings a return of drilled-but-uncompleted shale wells, and anything south of $40 a barrel probably inspires cuts in some of the larger domestic and overseas projects," he said.

That's via MarketWatch, more here