Where is oil heading to?

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61

Re: Where is oil heading to?

Today WTI slid below 45, was below 44.5 at 4PM EST (when stock market closed)

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Re: Where is oil heading to?

Unless Oil goes below 35, not interested in buying. Unless it hits 60, not interested in selling.

35 to 60 is where Trisanku resides

63

Re: Where is oil heading to?

you middle-aged man :chai:

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Re: Where is oil heading to?

lowest gas price here in this calendar year. selling at 94.5 cents a litre...gradually dropped from a high of $1.07 a litre over the last 7 months.

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Re: Where is oil heading to?

I am older than that!

66

Re: Where is oil heading to?

Oil closed below 45 again

67

Re: Where is oil heading to?

Brent or Texas?

68

Re: Where is oil heading to?

^ I am watching WTI. Today WTI closed at $43.06 at 4PM EST. I think it might hit $40 then bounce back again, so it will remain between 40-50 for next few weeks.

69

Re: Where is oil heading to?

In 10 years, oil prices probably will be low. Am selling my oil stocks after they rise some more.

Long term oil is probably a loser. What with renewables picking up, making way for electric cars.

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Re: Where is oil heading to?

today WTI fell below $42 after the 10:30 EIA report

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Re: Where is oil heading to?

Yes.

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Re: Where is oil heading to?

WTI hovering near $41 !!

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Re: Where is oil heading to?

Have your people get in touch with my people when oil dips below 30 or goes up above 80 dollars per barrel.

Thank you for your help.

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Re: Where is oil heading to?

For 80 dollars / barrel you may have to wait for 2-3 years. For 30 dollars, not sure, it could be next month :D

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Re: Where is oil heading to?

So far you have predicted correctly. Will stay tuned!

76

Re: Where is oil heading to?

Oil dipped below 40 and I was on vacation :hinna:

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Re: Where is oil heading to?

After failure of OPEC talks before actual ‘output control’ meeting oil has slid down to below $43, looks like another short visit to 30s is coming up :hmmm:

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Re: Where is oil heading to?

Oil dipping below 35 is serious concern for States like Kuwait and Oman, Saudies are showing signs of concerns with financing two wars at same time.. and with these prices and with Iran pumping good amount of oil… somebody have to stop Iran… and I Guess Trump is the guy…

79

Re: Where is oil heading to?

Looks like OPEC got its act together and cut production. Oil Brent around 55.

Is the Captain losing his mojo? Should investors be concerned.

We think it’s just a blip.

80

Re: Where is oil heading to?

In a week, the Conald is emperor. XOM Tillerson is his main man. EPA hater is EPA head, Rick Perry is energy sec. Coal mining might be coming back.