Inventories could erode as early as this summer because the decline in U.S. shale output will probably be steeper than is widely assumed, according to Vienna-based consultants JBC Energy GmbH, which predicts prices could rebound to $50 a barrel in June. Much of the surplus the IEA estimates accumulated in the fourth quarter of 2015 hasn’t actually appeared in storage, suggesting the excess is smaller than thought, Standard Chartered Plc says.

More data has recently arose that further supports a significant rise in oil prices due to overestimation of the overall health of both the US and China economies. Recent GDP numbers point to a much stronger position than what had been reported over 6 months ago. This means that analysts have gotten it wrong again, but since we are in a world of instant information, the estimations and opinions of 6 months prior are already worked into the price levels of today.

Look here to find what, in the coming months, we will hear from analysts.