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2nd Annual Great Oil Price Prediction Challenge of 2019

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WTI: 55.52

Brent: 59.13

Spread: 3.61

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WTI: 57.23

BRENT: 62.25

SPREAD: 5.02

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WTI .   $54.88

BRENT . $59.89

SPREAD . $5.10

 

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WTI   60

BREBT  65

SPREAD  5

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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

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. A

 

1) WTI

Week 1 - taken from google search - 58.53

Week 2 - according to the weather forecast, demand for oil is likely dropping due to the weather conditions - 56.12

Week 3 - season frantic, but the wind is blowing ultra strong this week. Oil price drops for less usages - 53.05

Week 4 - according to a chart of historical price of oil over 70 years, this time of the year it fetches - 50.38

Average: 54.52

2) Brent

Week 1 - from google - 63.50

Week 2 - Unfruitful Nato unity meeting with the United States. Brent price goes up for US importers - 68.03

Week 3 - according to the weather forecast, it's going to be snowing this winter and it's cold. Most people staying at home. Price dropping - 66.78

Week 4 - no election, no war (resting period before we resume the fights in the new year), price steady - 65.58

Average: 65.97

3) Average spread = 65.97 - 54.52 = 11.45

note: The figures predicted are totally made-up. Any accuracy is mere coincidence..........:$

 

 

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I am predicting the price of oil will rise to 62.00and hang around that price until APril when it will hit 70’s

 

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10 hours ago, specinho said:

 

3) Average spread = 65.97 - 54.52 = 11.45

I hope you win!!   I own capacity from the Delaware to Corpus Christi.   

 

 

 

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On 11/20/2019 at 1:51 PM, Selva said:

 

 

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!

Wti 55

Brent 59

Spread 5

 

 

 

 

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WTI - 55.3

Brent - 61.3

Spread - 6

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$100 WTI 

$125 Brent 

$25 spread

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WTI 56.01

Brent 61.52

Spread 5.51

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What time zone is the end time for?

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(edited)

On 11/20/2019 at 9:51 PM, Selva said:

 

 

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!

 

 

 

 

 

What time zone is the end time for?    and ....

Entries will be taken until December 8, 2019


 no later than December 8, 2019.

Edited by A/Plague

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Guest

(edited)

Jeez are you trying to wait until the last second AND want to know what timezone to get a few HOURS advantage?? 🤣🤣

AND asked twice!!   LOL.

Taking it a bit serious mate. Just guess and get on with life.

Edited by Guest

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WTI 63.04

Brent 69.44

Spread 6.40

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Well, timing is everything in predicting crude prices; just look at the early predictions compared to those made today. 

Facts: We are still oversupplied; Iranian and Venezuelan crude is still there, just challenged in getting to market. OPEC/OPEC+ proves its announcements are still capable of moving the market, if only until the reality of its quotas is revealed. Tensions in MENA are very high, but probably already built into prices. 

I believe WTI will go below $50, but not this month, probably March 2020; so in the spirit of this challenge:

WTI: 53.25

Brent: 59.00

Spread: 5.75

 

 

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1: WTI $59

2: Brent $64

3: Spread $5

Assumptions: No major change to fundamentals or geo-politics, a little bit of support from traders becoming more bullish, so risk is to the upside by $2-$3.

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On 12/6/2019 at 10:28 AM, James Gautreau said:

$100 WTI 

$125 Brent 

$25 spread

I appreciate the optimism....Trump is going to have to make one hell of a trade deal!

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37 minutes ago, PE Scott said:

I appreciate the optimism

Haha I was waiting for a comment on a $40 jump in a few weeks from someone  🤣

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(edited)

On 12/14/2019 at 2:50 AM, DayTrader said:

Haha I was waiting for a comment on a $40 jump in a few weeks from someone  🤣

?

Edited by A/Plague

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Salam vsem. Vsem brokeram po nefti  kto xochet rabotat  po neftenom biznese  i investichionom proektov. Na pisite.  Mne.   

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On 12/14/2019 at 5:54 PM, A/Plague said:

why jump on 40 and not 140? Isn't it average for 4 weeks?

Huh? He guessed 100 and it was 60 at the time. That's a jump of 40 in my world  :) 

15 minutes ago, Etibar said:

Salam vsem. Vsem brokeram po nefti  kto xochet rabotat  po neftenom biznese  i investichionom proektov. Na pisite.  Mne.   edu1eti@mail.ru

Absolutely yes. Probably next Wednesday, weather permitting. 

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(edited)

On 12/20/2019 at 4:16 AM, DayTrader said:

Huh? He guessed 100 and it was 60 at the time. That's a jump of 40 in my world  :) 

Absolutely yes. Probably next Wednesday, weather permitting. 

..☺️

Edited by A/Plague
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