Dr.Masih Rezvani + 29 October 5, 2021 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 ???????? Quote Share this post Link to post Share on other sites
turbguy + 1,547 October 5, 2021 As prices of refined products rise, demand will shrink. EV's become more attractive with each penny of WTI increase. Quote Share this post Link to post Share on other sites
Sebastian Meana + 278 October 25, 2021 (edited) 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 Quote Share this post Link to post Share on other sites
S Brock 0 SB November 20, 2021 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! Quote Share this post Link to post Share on other sites
notsonice + 1,262 DM November 20, 2021 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 Quote Share this post Link to post Share on other sites