ensus - we're not there yet, but we will be in a few months time - that oil prices are going to be much higher than in any previous recession," says Turker Hamzaoglu, an analyst for Bank of America Merrill Lynch in London. "When oil exceeds $65 per barrel, which is our average budget breakeven forecast for the G

ensus - we're not there yet, but we will be in a few months time - that oil prices are going to be much higher than in any previous recession," says Turker Hamzaoglu, an analyst for Bank of America Merrill Lynch in London. "When oil exceeds $65 per barrel, which is our average budget breakeven forecast for the G