Will Crude Oil (WTI) Spot Price drop below $ 25 / bbl (intraday) at any day in 2016 ? | Knew The News - News Prediction Game

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Will Crude Oil (WTI) Spot Price drop below $ 25 / bbl (intraday) at any day in 2016 ?

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Will Crude Oil (WTI) Spot Price drop below $ 25 / bbl (intraday) at any day in 2016 ?

Asked by:

Super User

Josef Biesenberger in Business » Indices
Settled on 01/09/2017 19:35 Settled by

Super User

Josef Biesenberger

Winning option:No

Predictions

Yes

Yes

No

Background

latest quotes:

Spot price:
https://www.comdirect.de/inf/indizes/detail/chart.html?timeSpan=3M&ID_NOTATION=31117979&

http://ycharts.com/indicators/crude_oil_spot_price

Forecast Goldman Sachs:
http://www.fool.com/investing/general/2015/01/19/goldman-sachs-predicts-40-oil-4-high-yield-investm.aspx

... and some more forecasts:
http://www.forecasts.org/oil.htm
http://www.tradingeconomics.com/commodity/crude-oil/forecast
http://knoema.de/yxptpab/crude-oil-price-forecast-long-term-2015-to-2025-data-and-charts

.. increasing stock of crude oil setting price under preasure:
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRSTUS1&f=W
http://www.eia.gov/dnav/pet/pet_stoc_wstk_dcu_nus_a.htm

... while forward market is in contango: 10 $ for 12month future-spread
http://www.finanzen.net/rohstoffe/forwardcurve/Energie#forward_6
http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

... and no more free capacity of supertankers available:
http://en.wikipedia.org/wiki/Oil-storage_trade

Find similar: WTI, Crude, Oil

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04/22/2016 06:36

Alain Coëtmeur predicted Yes

Because of LENR getting more visible. There are initiative in process, beside Rossi, and even beside Industrial Heat.

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