In a new report, Credit Suisse analyst Jan Stuart tries to pin down the murky outlook for global crude oil prices.

The economics behind oil prices are extremely complicated and difficult to predict, and Stuart discusses the latest numbers in the oil industry and exactly what Credit Suisse is currently forecasting for the future.

A Lot Can Change In A Year

The oil market is now 11 months removed from peak oil prices last year and about seven months past the most severe part of the price collapse. In the past year, shares of the United States Oil Fund ETF USO 1.67% are down more than 48 percent.

According to Stuart, the most surprising part about the way the oil crisis has played out has been the continuing robust global oil production growth.

The Latest

Credit Suisse believes…

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