Where is oil heading to?

[pbedev]

Re: Where is oil heading to?

@Captain1

The way oil prices have skidded in past few months/weeks currently the crude is hovering around 40 and seems like 40 is the resistance/support level. With OPEC determined to drive Russia and American drilling out, how long do you all believe oil will stay below 50? In coming few weeks where do you see the prices for crude?

Long time has been passed since this discussion was started. But still the oil prices are less than 50.
WTI Crude Oil Price: 32.19
Brent Crude Oil: 32.18

Source: google