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Oil Prices Forecast: Oil Prices Are Rising And AI Can Help You Profit

March 9, 2022

This article was written by Gabriel Plat, a Financial Analyst at I Know First.

Summary:

After a 2020 melt, oil prices overcame the pandemic fear and reached their highest prices since 2008;
The war in Ukraine is pushing the oil prices up and a change of tendency might depend on when the conflict ends;
Analyzing the scenarios over the war may lead to good investment opportunities;
I Know First AI-powered algorithm can mitigate your risks investing in this area.

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Oil Forecast: Will the Oil Glut Dry Up Soon?

July 22, 2015

Summary

Iranian capacity to produce oil is severely hampered in the short-term.
Demand for oil in China and India is still growing.
Conflicts in oil-producing nations make a regular supply of oil from those countries uncertain.
Potential for OPEC to finally cut production levels.
Algorithmic analysis concludes little to no correlation between long term and short term price expectation.

Over the past few months oil prices have reached phenomenal lows and most countries have welcomed the cheaper energy prices. But, due to high demand in India and China, obstacles halting Iranian production, numerous conflicts in regions saturated in oil and the likelihood of OPEC cutting production levels, oil prices will inevitably rise.