2nd Annual Great Oil Price Prediction Challenge of 2019

[Xnocturrnnx + 2]

WTI.        63.57

Brent.      68.83

Spread    5.26

[Guest]

On 11/22/2019 at 7:15 PM, Zhong Lu said:

WTI: 53

Brent: 57.41
Spread: 4.41

[Undercutting the lowest bid by 1 cent so if oil closes low, I automatically win]

Please someone guess 52.99 ... 🤣

[A/Plague + 50]

Haste is needed when catching fleas and diarrhea ... .. until December 8, another 2 weeks ...

[Zev Persellin + 1]

WTI 58.96

Brent 63.95

Spread 4.99

[AndreLowschel + 1]

WTI $54.25

Brent $59.50

Spread -5.25

Supply will remain an issue, U.S. supply more than ample,no significant changes out of OPEC, demand doesn't pick up.

[Vika + 1]

On 11/20/2019 at 8:51 AM, Selva said:

WTI:.       58

Brent:      63

Spread:.   5

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!

 

 

 

 

 

 

[Vika + 1]

WTI:  58.22

BRENT:  63.43

Spread:    5.21

[quaglia + 1]

WTI: 54.51 $

Brent: 61,70 $

Spr: 5,15 $

[Old-Ruffneck + 1,246]

WTI $56.25

Brent $61.65

Spread $5.40

I pondered before hitting the enter key, as generally oil slightly climbs during winter months world-wide, but with US upping output I think the KSA and Russia can't (or won't) cut more production. More 3rd world countries drilling more and little by little the total world output is going to dictate the pricing right now. Above prices are more than fair, I'd say we are closer to 40 than 100 a bbl, unless we bomb Iran *wink*.

https://oilprice.com/Energy/Crude-Oil/Oil-Could-Fall-To-40-If-OPEC-Fails-To-Deepen-Cuts.html 12/3/19

Edited December 3, 2019 by Old-Ruffneck
added

[James Regan + 1,776]

WTI - 54.60

BRENT- 60.75

SPREAD - 6.15

[Gary LeBlanc + 50]

WTI $52.50

Brent 56.89

Spread 4.39

With refinery run rates down 7% ( 1.22 mbd ) for the week ending 11/22 from the year earlier in addition to US crude production increasing 10.5% ( 1.2 mbd ) over the same timeframe US crude exports will bear the brunt of balancing the supply/demand equation. As the end of the year nears the Atlanta Federal Bank continues to lower its 4thQ GDP. GDP growth highly coorelates with growth in domestic crude demand. The extra crude production has nowhere to go but into storage.

[Big mac + 1]

WTI       52.45

BRENT     57.00

SPREAD    4.55

right now   58.00

If they get a trade deal wti might hit 60 but huge lack of demand, slowing economy, worries of a oil glut and worries of a phase 2 deal will fall apart.

[Barbwire + 1]

WTI 59.19

Brent 63.24

spread 4.05

[Papa John + 1]

I'm more pessimistic

WTI            52.50

BRENT       58.57

SPREAD      5.55

Edited November 29, 2019 by Papa John

[Papa John + 1]

too bad i dq myself i edited the order.

[Guest]

You are more pessimistic when it drops $2 in a few hours? How odd ...   

Atleast you have guessed though. Some have not despite their trading prowess.

Again, odd. 

Edited November 29, 2019 by Guest

[James Regan + 1,776]

1 hour ago, Papa John said:

too bad i dq myself i edited the order.

#🤣RTFM 

[Andrew Sun + 17]

WTI - $61.50

Brent - $68.50

Spread - $7.00

[rossh + 18]

1) WTI  52.50

2) Brent 58.50

3) 5.80

[Kumar Periasamy + 1]

WTI        58.60

BRENT   63.13

SPREAD 5.61

[Saul elias + 1]

WTI      - 59.34

Brent     - 62.88

Spread   -  3.54

 

[CVOil + 1]

WIT 53.28

Brent 57.83

Spread 4.55

[BavyS + 2]

WTI        56.41

BRENT   58.65

SPREAD  2.24

[Ralph Merry + 1]

WTI  53.77

BRENT 58.15

SPREAD  4.91

[Bob D + 562]

On 11/21/2019 at 10:10 AM, Bob D said:

WTI    $US 59.95

Brent    $US 65.96

Brent/WTI    $US 6.01

 

Come to daddy!!