Patricia Mohr and West Texas Intermediate Crude

Crude prices: She sees some recovery to around US$55 a barrel by the end of next year, according to The Toronto Star. Global oil demand in 2015 has advanced at the fastest pace in five years... but a supply-side adjustment — necessary to bring global supplies down in line with demand and rebalance world oil markets — has not yet occurred, she wrote. West Texas Intermediate crude is expected to stay below US$50 a barrel for the next 12 months, vice-president and commodity market specialist Patricia Mohr said in the report Monday. Crude prices have had a volatile year, dropping to US$43.46 a barrel on March 17, running up to a high of US$61.43 on June 10 and then plunging to a new six-year low of US$38.24 a week ago. Mohr cited three factors behind the turbulence in crude prices:Traders and investors have been disappointed the rate of production decline in the U.S., needed to bring supply and demand back into balance. On Monday, oil was back above US$47 a barrel. (news.financializer.com). As reported in the news.