Latest 2015 Oil Prices Analysis by Experts
The price of oil is usually measured on a per-barrel basis. The price also can be quoted as the spot price, which is the price of buying a barrel at the current moment, or as the futures price, which is the cost of buying a barrel of oil in future months. Two main contracts traded are West Texas Intermediate (WTI) and Brent Crude. WTI oil is light sweet oil and very well suited for gasoline. Brent Crude is a blend of oil from the North Sea. Futures prices are quoted in increments of 1,000 barrels of oil for every one contract.
Short term, oil prices are a threat to your wealth. Medium term, it’s much less likely. And long term is indeterminate.Global production is running greater than demand currently. And if China and/or western economies tip into recession, $40.00 or $35.00 oil for West Texas Intermediate (WTI) is a very real potential outcome.However,. Read More
Bad news in the oil industry just keeps coming. Seven oil and gas producers have filed for bankruptcy so far in 2015, highlighting just how difficult it has been for the industry to cope with falling oil prices. But if these analysts are right, the turmoil in the oil patch could be just the beginning.Analysts at Morgan Stanley have been pretty. Read More
Oil prices may go to $100.00 a barrel in five years according to an oil guru who predicted the oil crash of 2014.Surprisingly, Gary Ross, the founder of consulting firm PIRA Energy Group, said oil markets aren’t nearly as oversupplied as many believe; the market will suffer from lack of supply and higher demand in the next few years.“Current. Read More
Oil continues to gush out of the Middle East, North Dakota, Texas, and the Alberta tar sands in Canada. My oil prices outlook continues to be neutral at this point, even with the recent decline.Some would argue there have been over 800 or so oil rigs placed in idle. But the reality is the best producing oil rigs are still pumping out the black. Read More
If you own oil or gold today, you might be kicking yourself later. At least, that’s according to legendary investor Jim Rogers.In an interview with The Economic Times last week, the commodity expert warned that oil and gold prices could be heading sharply lower. (Source: ET, last accessed July 13, 2015.)“I would look for oil to go. Read More