Oil Price: $80 a Barrel Is On Its Way, Says Analyst Published in Oil Industry News on Wednesday, 22 June 2016 Traders reportedly remain bearish over the oil price in the near term amid concerns that the market is oversupplied, but there are signs some investors are lining up investments into the sector amid predictions prices could jump to more than $80 a barrel for the first time in more than a year. The benchmark Brent crude price on ICE Futures Index closed at $63.34 a