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Prediction: Here’s What Oil Will Cost at the End of 2016

The staff of Fortune recently assembled its predictions for 2016. Here’s one of our forecasts.

Stoked by steady demand from American consumers and slowing-but-still-growing demand in China, prices should climb to $55 a barrel by the end of 2016, a roughly 20% increase from where they stood in mid-November.

That’ll bring a bit of relief to hard-hit companies in the energy sector, but not enough to end its overall slump. Most oil exploration companies need prices to climb above $60 before they’ll feel confident about launching new projects and staffing up again.

This article is part of the 2016 Fortune Crystal Ball, a package of 33 predictions about business, politics and the economy by the writers and editors of Fortune. To see the entire package, click here.