Wall Street Journal (blog) | OPEC Sees Oil-Price Rebound, Supply Cut — Energy Journal Wall Street Journal (blog) The Organization of the Petroleum Exporting Countries expects the price of its basket of crude oils to rise to $70 a barrel in 2020 and $95 a barrel in 2040, compared with $30.74 a barrel on Monday, Benoit Faucon reports. The “need to develop oil ... Oil back at $95 — but it will take 24 years: OPEC Opec eyes $10tn investment to prevent oil price spike Oil prices will reach $70 a barrel by 2020, says Opec |