Are oil markets about to repeat the plunge of late 1985 and early 1986? Not likely, say some industry observers. In no way is the current environment similar to the situation in 1985, says Wood Gundy. The analyst believes basic fundamentals surrounding oil are stronger than currently reflected in markets. Wood Gundy predicts spot WTI will average $18/bbl in 1994, a slight drop from $18.30/bbl in 1993 but a big jump from current levels.