What is more accurate? Futures oil prices or top analyst forecasts?

What is more accurate? Futures oil prices or top analyst forecasts? We now have an answer; as accurate as all academic answers.

Journal of Futures Markets, a monthly peer-reviewed academic journal, has published a research article titled "Oil price analysts' forecasts". They have conducted a survey to compare analysts' forecasting ability to futures contracts and also among analysts themselves. Their findings: futures prices supersede analyst forecasts. (Sorry analysts!)

Full research article follows.

(At our daily flagship report, Middle East Oil Hedge Report, we review and analyze future prices for petroleum industry players. Subscribe for a free trial.)