Selva + 252 SP November 20, 2019 Welcome to the 2nd Annual Great Oil Price Prediction Challenge of 2019! If you've been with us since our previous challenge, you know the drill. If not, welcome to Oil Price, and welcome to your opportunity to win some street cred here at the Oil Price Community. Whether you are a veteran oil trader flush with cash (or down on your luck) or a crude oil connoisseur, a drilling rig operator or a geopolitical analyst with your finger on the pulse, a Washington insider with the skinny on trade developments with China, a loyal community follower, or a pricing expert citing in newsfeed the world over, this contest is for you! No experience required. We are looking for the best oil price predictions. Community members will have the opportunity to place their best oil price predictions in this thread in the following categories (you must be a member to enter, so join now ) 1) 4 wk average WTI spot price as of December 31, 2019 2) 4 wk average Brent spot price as of December 31, 2019 3) 4 wk average spread between WTI/Brent as of December 31, 2019 Entries will be taken until December 8, 2019, and winners will be announced on or around January 13, 2020. The spot price data will be used to determine the contest winners is the EIA spot price published here: https://www.eia.gov/dnav/pet/pet_pri_spt_s1_m.htm Along with your predictions in the three categories above, we would love to hear your basis for your predictions, whether it's based on technicals, fundamentals, geopolitics, or pulled straight out of your.... er.... hiney. Any information regarding your price predictions are welcomed as well. IMPORTANT RULES Price prediction posts CANNOT be edited, edited posts will be disqualified from the challenge. We will keep a master list of the rpedictions, which will be used for determining the winners (one winner per category). You may comment on other's posts, and what you think about their prediction (keep it civil, please) Off topic posts in this thread will be deleted Winners will be selected at the start of the new year and will be notified via a community message. The winners will also be publicly listed in this thread. To enter: Simply place your predictions for the three categories above in a post in this thread below no later than December 8, 2019. WHAT TO WIN? The winner in each category will win a full year of Global Energy Alert, which will be delivered to you every week. LET THE ODDS BE EVER IN YOUR FAVOR! 2 1 Quote Share this post Link to post Share on other sites
Ainan Ayanleh 0 November 20, 2019 Award, what to win not significant ! 1 Quote Share this post Link to post Share on other sites
Guest November 20, 2019 WTI - 54.111 Brent - 59.444 Spread - 5.333 Quote Share this post Link to post Share on other sites
SROC2 + 1 AG November 20, 2019 WTI - 60.52 Brent - 66.21 Spread - 5.69 1 Quote Share this post Link to post Share on other sites
PE Scott + 563 SC November 21, 2019 3 hours ago, DayTrader said: WTI - 54.111 Brent - 59.444 Spread - 5.333 Coming in early with a 3-decimal place answer! The confidence..... I see you've left the currency ambiguous though. Smart move. Now you can argue this was in pesos or whatever currency brings you closer to the correct answer.....I'm on to your tricky ways @DayTrader 😂 3 Quote Share this post Link to post Share on other sites
Guest November 21, 2019 (edited) 22 minutes ago, PE Scott said: 3-decimal place answer! The confidence..... Haha well on my platform WTI is to 3 decimal places. Brent admittedly is only to 2 and I never trade it, but I can't edit now coz I'll be accused of cheating. And I'm not gonna wait until the last second to make my prediction - that's verging on cheating. PFF. Get your predictions in bitches!! And no confidence at all - I looked at daily charts for each oil for first time in weeks, normally I work primarily off a 15 minute chart and care where oil will be in 6 hours, not 6 weeks! I'm hoping no shooty obviously, not that it affected a lot before. And yes, it's quid, bucks or euros - not decided yet, I will decide in late Dec ... Edited November 21, 2019 by Guest Quote Share this post Link to post Share on other sites
Martin + 31 November 21, 2019 WTI - 57.21 Brent - 62.77 Spread - 5.13 *takes darts from the dartboard and walks away* 2 3 1 Quote Share this post Link to post Share on other sites
cbrasher1 + 272 CB November 21, 2019 WTI - 56.55 BRENT- 62.75 SPREAD - 5.65 I believe the prices will continue to float in their current rut, weighing on the trade war, ample supply, continued economic slowdowns and overall optimistic outlook going into 2020. opec meeting, we will see if ksa will do "whatever it takes" to prevent glut in first half of the year anf get prices up, which they need prior to their public offering. far from something short of a serious outbreak of large proportions(markets shrugged off everything this last year) may be gloomy going into 2020 so I don't see much movement in prices going in...but we'll see and cross our fingers 1 Quote Share this post Link to post Share on other sites
footeab@yahoo.com + 2,131 November 21, 2019 WIT: Ethanol will magically grow DENT: Free Renewable Energy with 100% capacity factor SPREAD: Uh, police pat down or Greta & co taking your wallet? 1 Quote Share this post Link to post Share on other sites
Dave66 + 1 DN November 21, 2019 Wti 61.454 BC 67.75 Spr 6.296 1 Quote Share this post Link to post Share on other sites
Alex Svobodin + 2 November 21, 2019 WTI: 57.56 Brent: 56.91 Spread: 5.61 1 Quote Share this post Link to post Share on other sites
Alex Svobodin + 2 November 21, 2019 WTI (bullish view): OPEC agrees on deeper cuts, though current inventories and demand declines offset the optimism not allowing the price to rise too far Brent (bearish view): oil will follow the stock market Xmas correction. Current stock valuations are quite rosy and should any of the significant risks materialize the correction would be imminent dragging the price of oil down Spread (slanted towards stable-slightly bullish): the higher the oil price in any 'marker' the bigger the spread. 1 Quote Share this post Link to post Share on other sites
Rob Plant + 2,608 RP November 21, 2019 WTI 53.01 Brent 57.42 Spread 4.41 1 Quote Share this post Link to post Share on other sites
Bob D + 562 RD November 21, 2019 WTI $US 59.95 Brent $US 65.96 Brent/WTI $US 6.01 1 Quote Share this post Link to post Share on other sites
Jakridge + 122 JA November 21, 2019 WTI $58.73 Brent $63.29 SPREAD $5.13 1 Quote Share this post Link to post Share on other sites
NickW + 2,714 NW November 21, 2019 WTI $57.00 Brent $62.50 Spread $5.50 2 Quote Share this post Link to post Share on other sites
Dellmar + 2 JB November 21, 2019 WTI - 54.80 Brent - 61.10 Spread - 5.65 1 Quote Share this post Link to post Share on other sites
Guest November 22, 2019 On 11/20/2019 at 6:51 PM, Selva said: LET THE ODDS BE EVER IN YOUR FAVOR! FavoUr Quote Share this post Link to post Share on other sites
WCS + 13 BK November 22, 2019 Brent 65.22 WTI 60.37 Spread 4.85 1 Quote Share this post Link to post Share on other sites
esj + 3 EJ November 22, 2019 Brent: 61.50 WTI: 57.85 WTI/Brent Spread: -3.65 1 Quote Share this post Link to post Share on other sites
Auson + 123 AD November 22, 2019 Brent: $66.45 WTI: $61.25 Brent WTI spread: $5.20 1 Quote Share this post Link to post Share on other sites
canadas canadas + 136 c November 22, 2019 Bullish on sour crude Bearish on sweet crude 1 Quote Share this post Link to post Share on other sites
Zhong Lu + 845 November 22, 2019 WTI: 53 Brent: 57.41 Spread: 4.41 [Undercutting the lowest bid by 1 cent so if oil closes low, I automatically win] 1 Quote Share this post Link to post Share on other sites
Auson + 123 AD November 22, 2019 9 hours ago, canadas canadas said: Bullish on sour crude Bearish on sweet crude canadas canadas, What could be possibly be good about sulphur ? Did you mean bullish Heavy crude ? Or have you just bought into Tullow Oil like me ? 1 Quote Share this post Link to post Share on other sites
Ward Smith + 6,615 November 23, 2019 WTI 58.63 BRENT 64.18 SPREAD 5.67 1 Quote Share this post Link to post Share on other sites
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