WTI / ​​​​​​​Price Forecasting

[Dr.Masih Rezvani + 29]

There are NO LEVELS ahead.So if Oil manages 
To stay above this level, it will get pushed
Towards the 100-110$ per barrel mark 
**
What is your point ????????

[turbguy + 1,553]

As prices of refined products rise, demand will shrink.

EV's become more attractive with each penny of WTI increase.

[Sebastian Meana + 278]

On 10/5/2021 at 4:19 PM, Dr.Masih Rezvani said:

There are NO LEVELS ahead.So if Oil manages 
To stay above this level, it will get pushed
Towards the 100-110$ per barrel mark 
**
What is your point ????????

1-Inflation, you have to ask yourself if oil is really becoming more valuable or is just that the dollar is becoming less valuable (Maybe free money for bailouts, social spending, and quantitative easing isnt that free after all) 75 (2010) dollars should be the normal price, inflation adjusted is around 80-85$

2-Oil prices are unstable always short and medium term but on the long term are predictable and generally go upward as you make stuff of higher value (Kerosene lamps >>> Heat and Power >>> Diesel and Gasoline >>> Solvents and plastics)

Because what it determines the price of something is how much someone is disposed to pay you for it.

Edited October 25, 2021 by Sebastian Meana

[S Brock 0]

Oil demand will be around for a long time, even though many see EV and the coming replacement of it. Few take into consideration of where the E of EV comes from. To say the world will rapidly switch from crude to electrical power misses the the point entirely. If magically we woke up tomorrow morning and every vehicle was a EV, we would also see several hundred (conservatively) 1200 Megawatt power plants running 24/7 to produce the E. That aint gona happen!

[notsonice + 1,266]

 

pay attention to what is happening in the future markets if you want to know where WTI is heading 

 

	LAST	CHG	OPEN	HIGH	LOW	DATE/TIME
Crude Oil Jan 2022	$75.68	-0.26	$78.29	$79.33	$75.09	Nov 19, 2021 4:59 p.m.
Crude Oil Feb 2022	$74.99	-0.24	$77.41	$78.47	$74.44	Nov 19, 2021 4:59 p.m.
Crude Oil Mar 2022	$74.14	-0.28	$76.47	$77.52	$73.69	Nov 19, 2021 4:58 p.m.
Crude Oil Apr 2022	$73.34	-0.32	$75.55	$76.64	$73.00	Nov 19, 2021 4:45 p.m.
Crude Oil May 2022	$72.61	-0.34	$74.79	$75.80	$72.38	Nov 19, 2021 4:45 p.m.
Crude Oil Jun 2022	$72.03	-0.26	$74.08	$75.09	$71.73	Nov 19, 2021 4:59 p.m.
Crude Oil Jul 2022	$71.38	-0.29	$73.42	$74.30	$71.21	Nov 19, 2021 3:49 p.m.
Crude Oil Aug 2022	$70.77	-0.32	$73.63	$73.63	$70.66	Nov 19, 2021 4:49 p.m.
Crude Oil Sep 2022	$70.28	-0.27	$72.18	$72.96	$70.12	Nov 19, 2021 4:55 p.m.
Crude Oil Oct 2022	$69.68	-0.35	$71.65	$72.28	$69.68	Nov 19, 2021 4:08 p.m.

NOV 2021 RLXX1	OPT		-	-	2.3214	-	-	-	0	16:37:56 CT 19 Nov 2021
DEC 2021 RLXZ1	OPT		-	-	2.2427	-	-	-	0	16:37:56 CT 19 Nov 2021
JAN 2022 RLXF2	OPT		-	-	2.2237	-	-	-	0	16:37:58 CT 19 Nov 2021
FEB 2022 RLXG2	OPT		-	-	2.2265	-	-	-	0	16:38:27 CT 19 Nov 2021
MAR 2022 RLXH2	OPT		-	-	2.3389	-	-	-	0	16:38:03 CT 19 Nov 2021
APR 2022 RLXJ2	OPT		-	-	2.3334	-	-	-	0	16:38:03 CT 19 Nov 2021
MAY 2022 RLXK2	OPT		-	-	2.3168	-	-	-	0	16:38:03 CT 19 Nov 2021
JUN 2022 RLXM2	OPT		-	-	2.2911	-	-	-	0	16:38:03 CT 19 Nov 2021
JUL 2022 RLXN2	OPT		-	-	2.2593	-	-	-	0	16:38:03 CT 19 Nov 2021
AUG 2022 RLXQ2	OPT		-	-	2.2211	-	-	-	0	16:38:03 CT 19 Nov 2021
SEP 2022 RLXU2	OPT		-	-	2.0802	-	-	-	0	16:38:02 CT 19 Nov 2021
OCT 2022 RLXV2	OPT		-	-	2.0420	-	-	-	0	16:38:05 CT 19 Nov 2021
NOV 2022 RLXX2	OPT		-	-	2.0153	-	-	-	0	16:38:05 CT 19 Nov 2021
DEC 2022 RLXZ2	OPT		-	-	2.0003	-	-	-	0	16:38:05 CT 19 Nov 2021
JAN 2023 RLXF3	OPT		-	-	1.9973	-	-	-	0	16:37:23 CT 19 Nov 2021
FEB 2023 RLXG3	OPT		-	-	2.0038	-	-	-	0	16:37:23 CT 19 Nov 2021
MAR 2023 RLXH3	OPT		-	-	2.1340	-	-	-	0	16:37:23 CT 19 Nov 2021
APR 2023 RLXJ3	OPT		-	-	2.1357	-	-	-	0	16:37:19 CT 19 Nov 2021