Oil Forecast: Will the Oil Glut Dry Up Soon?

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.

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Oil Price Forecast: 11.47% Average Return in 14 Days

Oil Price Forecast

Recommended Commodities and Positions:

Long:
  • ICE Brent Crude Oil Futures (^BL1)
  • ICE NYMEX Crude Oil Futures (^CL1)
Forecast Length: 14 Days (01/20/15 - 02/03/15) I Know First Average: 11.47%

Oil Price Forecast

Oil Price Forecast: 10.23% Drop In 3 Days

Oil Price Forecast

Recommended Positions:

Short: 

  • ICE Brent Crude Oil Futures (^BL1)
  • ICE NYMEX Crude Oil Futures (^CL1)
Forecast Length: 3 days (11/27/14 - 11/30/14)

I Know First Average: 10.00% oil price forecast