Forecasting the oil price is a mug’s game: Fidelity

By hellenicshippingnews A large number of clever people backed by deep-pocketed employers spend a great deal of time trying to work out where the oil price is heading, according to Tom Stevenson at Fidelity. “It's rather surprising, therefore, how wrong most of their predictions are.” According to Stevenson, most analysts generally extrapolate from the past: […]