At What Price will Crude Futures End 2016? Current forecasts for the end-year price level for US crude oil are in sharp disagreement, as market observers’ debate the effect of record high oil inventories, strong demand, and the impact sharp cuts to capital expenditures for drilling and expected energy company bankruptcies will have on new production. Price volatility for West Texas Intermediate futures on the New York Mercantile Exchange was high in the first quarter, with market participants whipsawed with a price plunge to a $26.05 bbl nearly 13-year low before rallying 61% to $41.90 five weeks later. Sentiment turned…