The U.S. Recession Myth That Tanked Oil Price Predictions in 2023

Oil prices have become very difficult to predict. This is the latest outtake from CERAWeek where analysts discussed how so many of them managed to get 2023 prices so very wrong. The future price of oil has never been easy to forecast, to be fair, but the 2023 trends were so different from forecasts that we may have entered a whole new era of forecast uncertainty in oil. Or perhaps there’s too much focus on the wrong factors to make forecasts. “At this time last year, there were a lot of consensus views that the U.S. was going to have…