Originally Posted by
St. Elmo's Fire
Just searched the web for some info regarding a forecast for crude oil prices. They are predicting the price of oil to fluctuate around US$60 / barrel for the next six months. I hope Owen Stanley's prediction is accurate ($42/barrel), however, I get the impression that these relatively low prices won't last for much longer......
i dont think OPEC will allow the price to drop lower than $60, they will simply reduce output to maintain the price, as they are doing already.