"Bank of America Merrill Lynch, meanwhile, said healthy global demand and tight supplies should see Brent crude oil rise to $70 per barrel by mid-year.
U.S. investment bank Jefferies said it expects 2018 global oil demand growth of 1.5 million bpd, driven by near 10 percent demand growth in China." (and India's growth by 12%)
If they want to make an offer, it has to be done next week so as to allow the board approval before Xmas. Otherwise, OP may go up to 70 pretty quickly after the New Year.
