Raymond James Downgrades 24 Oil & Gas Names; Crude Going to $65?

Raymond James analysts just got very bearish on oil. How bearish? $65-per-barrel bearish. The analysts, led by John Freeman, paint a very messy picture of the supply-demand balance for crude. “The downside risk we saw in oil prices has started sooner than we had expected, due primarily to demand fears spurred by a flare- up [...]