Betting on an Oil Rebound?

The video discusses the recent decline in oil prices, with Brent crude falling by 19% and WTI experiencing a similar drop. Despite this, analysts believe prices won't stay low for long due to future demand and supply challenges, including high-cost areas like the Arctic. The International Energy Agency predicts global consumption will rise from 92.8 million barrels a day to 99 million by 2019. OPEC production has increased, while the US is producing more oil than in decades. Low prices have led to project cancellations and could slow US shale drilling. Analysts forecast oil prices to rise, with predictions of $104 to $115 per barrel in the coming years.

What are analysts predicting for the average Brent price in 2016?

Why do analysts believe that oil prices remaining below $100 for long is unlikely?