Rodent

THE GREAT OIL PRICE PREDICTION CHALLENGE OF 2018

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  • WTI - $78.93
  • Brent - $87.56
  • Spread - $8.63
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WTI $77.50

Brent $87.75

Spread $10.25

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WTI....77.82

Brent..81.02

Spread.8.90

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903.017 WTI

908 Brent

5.017 Spread

 

 

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(edited)

WTI = $91.4

Brent = $96.7 USD

Spread = $5.3 USD

Edited by BavyS
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WTI = $82

Brent = $92.5 USD

Spread = $10.5 USD

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Wti crude      :.      $73.5

Brent Crude  :        $77.6

spread           :.         $4.50

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WTI = 95

BRENT=101

SPREAD = 6.00

U.S. Trade  and Military positioning  leaves very few  true allies  in both  Commerce and Defense collectively  ,thereby leaving the doors open to erratic market changes ,particularly with oil and bonds because of the  enormous size  of these markets worldwide.  WTI might even become more expensive than Brent  in the summer of 2019.

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WTI     = $90.55 USD

Brent   = $100.50

Spread $10.

Due to hiccups in shale production, refinery shutdown for maintenance, sanctions going into effect on Iranian oil, and the continuing economic crisis in Venezuela, with reduced production/sale, I think we are headed to $100 bbl oil again.

Geo/Political factors, Russia & Saudi Arabia announcing they will not make up the production shortfall enter into the mix.

President Trumps, call for them to boost production, has fallen on deaf ears it seems.

I think its time we realize this administration is no friend of global oil.

Using my Crystal Ball and Weeeeeegie Board, the traders & speculators will drive the price up, then burst the bubble like always. We never learn from past downturns.

Our business is cyclical, not driven by supply & demands like regular economics.

"DRILL BABY DRILL" I promise not to spend it all this time.

 

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WTI = 78.34

SPREAD = 7.54

BRENT = 85.88

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1)   4 wk average WTI spot price as of December 31, 2018
74,53

2)   4 wk average Brent spot price as of December 31, 2018
86,105

3)   4 wk average spread between WTI/Brent as of December 31, 2018
11,575

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Prediction 31/12/18 on the back of tightening market re: biting Iran sanctions (and poss Iran retaliation), American shale pipeline restrictions, US inventory draw,  Saudis and OPEC+ unable to turn taps on quickly to satisfy demand/ rising demand, Venezuelan implosion and Lybian outages etc ....

WTI - 89.9 USD

BRENT - 98.5 USD

SPREAD - 8.6 USD

 

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WTI $81.25

Brent $88.50

Spread: $7.50

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Come December 31st, 2018. The four-week average of price of oil are going to be:

WTI = $64 USD

Brent = $74 USD

Spread = $5 USD

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Brent = 87.40

WTI = 82.50

Spread = 4.9

Speculation on short Iranian production is expected to drive prices up in te short term, giving an opportunity for Opec and non-Opec producers to increase output as much as they can to improve their budget balances, and this should cause prices to remain below a new resistance level around 90$

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WTI = $85.5

Brent = $96.5 USD

Spread = $10 USD

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I agree that tariffs are bad for everyone concerned. This is to be expected from an economically illiterate President with a background limited to real estate development.

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My predictions...........

WTI---- $85.40

BRENT ----$90.50

SPREAD  ---$5.10

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WTI---- $68

BRENT ----$73

SPREAD  ---$5

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On Dec 31st, 2018 my prediction for the 4 week averages are:

WTI = $85.50

Brent = $96

Spread = $10.50

Larger spread due to constraints in the US.

Higher prices due to zero tolerance policy towards Iran and continued mayhem in Venezuela. Also, limited ability for US to keep increasing output. Also expecting increased tension in Middle East  

 

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