Why The Price Of Oil Is More Likely To Fall To $20 Rather Than Rise To $80

[dontlop]

http://www.smarteranalyst.com/2015/02/17/price-oil-likely-fall-20-rather-rise-80/

[Lucky777]

where is the article ?

[tlars brother]

Brent crude, which is what to watch  for regarding Iraq, fell to around 48-50 and hovered, finding huge buyers at that point.  It is now trading at $61, which is $5 over Iraq's budget.  Based on the volume of buyers around 50, I very much doubt Brent will be able to take out 50.  At this point, since oil is over $56, not sure why anyone would be posting this type of article.  Oh wait, I see the source of the post now. Nevermind.

[AnatPorat2]

http://www.smarteranalyst.com/2015/02/17/price-oil-likely-fall-20-rather-rise-80/

Edited February 17, 2015 by Markinsa
Merged Topics

[sharkbait]

It's all opinion anyways, nobody knows for sure which direction it will go... The same article mentioned above has the following link saying that oil will surge much higher, go figure... 

 

http://www.smarteranalyst.com/2015/02/11/crude-oil-prices-guaranteed-surge-higher/

[Texstorm]

Thanks DL ! don't hold your breath for oil to stay low for any length of time, once OPEC has driven out some of the competition they could effectively climb to a new high of $125 bbl. When ever there is a spike down there will be a spike up, if there is another recession that could drive the oil over the $150 bbl to set a new high.

[magawatt]

A Dissenting View:

http://www.nasdaq.com/article/price-of-oil-per-barrel-hits-52-as-analysts-continue-to-misread-market-cm444510