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richbob

12/29/15 3:44 PM

#9810 RE: ProfitScout #9809

Interesting that WTI price is now higher than Brent. Maybe this is anticipating a more uniform world price, as America prepares to ramp up exports?
One thing that could change the anticipated steady, or maybe very slowly rising crude prices, is the possibility of continuing Mideastern wars shutting down some oil production, thereby increasing demand for US exports?
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Priestyle

12/31/15 1:45 AM

#9823 RE: ProfitScout #9809

Venezuela is expecting the prices to be $88 by next year..
http://www.profitconfidential.com/tag/brent-oil-price/