THE GREAT OIL PRICE PREDICTION CHALLENGE OF 2018

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WTI - 111.00

Brent - 120.15

Spread - 9.15

Middle East war offset by global reserve releases.

 

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1) $78

2) $85

3) -$7

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

WTI = $79.65 USD

Brent = $84.75 USD

Spread = $7.25 USD

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WTI = $75

Brent = $82

Spread = $7 USD

Close enough for horseshoes :-o)

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December 31st, 2018 - 4 week average predictions for 

WTI - 73.65 USD

Brent  - 81.75 USD

Spread - 8.1 USD

Just a hunch !

 

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WTI-$78.70

Brent $87.20

Spread $8.50

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I don't think oil is going to move out of the 465-474 level for a while. 6 weeks.

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WTI-$83.52

Brent $87.98

Spread $4.46

Bonus points for bitcoin? $12,482

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WTI=$73

Brent=$78

Spread=$5

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WTI---- $81.84

BRENT ----$86.37

SPREAD  ---$4.53

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Brent - $90

WTI - $80

Spread - $10

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Basing it purely of intution

WTI = $76.28

Brent = $82.34

Spread = $6.12

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4 hours ago, J Owens said:

I hope you win.

I hope I don't win haha the gas prices would be insanely high.

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We shouldn't let @txwylietake the crown for predicting the highest prices. It's lonely up there!

Come on guys, lets see some more outlandish predictions. We are not going to get another chance at trolling the whole Oil Price community until the fall of 2019 😉

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Brent  81.10

WTI.  74.05

Spread. 7.05

The increase is almost all political primarily affecting Iran and Venezuela.  Without that, market forces would probably bring the prices down $20/b.

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WTI = $110

Brent = $120

Spread = $10

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This Little speck of a Home Gamer!  Thinks the markets will close 12/31/2018 at:

WTI = $72.22

Brent = $77.99

Spread = $5.77

Foundation behind my bet.  US Economy will continue to accelerate thru the Fall Season where as weather will not slow things until Winter is firmly entrenched.   We are beginning to see demand outpace production and inventories fall.  Older existing wells will continue to decline in production by a rate faster than new wells are brought on line.  This will lift prices and supply gets tighter.  Supply will begin to correct itself in the summer of 2019 as more volume comes on line, but prices will stay aloft through this fall.  Asia demand will begin to decrease slowly ever so slowly as The Donald's trade policies take effect.   Europe is more of a crap shoot but, I would be expect demand and consumption to wane or stay level though the fall. 

 

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WTI- $ 78.6

BRENT- $ 84.6

SPREAD- $ 6 ( or 5.8) 

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5 hours ago, ugssinc said:

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

WTI = $79.65 USD

Brent = $84.75 USD

Spread = $7.25 USD

How come your spread is 7.25 ? 

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WTI      66.34

Brent    75.34

Spread   9.00

Basis: Brent 79.4 now, 67.0 in mid 2019. Spread 9.00 throughout.

 

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WTI. 78.25

Brent. 86.25

Spread. 8.00

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