Oil price

[DimPrawn]

Which way is it going in the next 3-6-12 months?

Currently around $45 a barrel about $100 from the peak.

So, are we heading for the $25 barrel or the $125 barrel in the short term?

[ace00]

Which way is it going in the next 3-6-12 months?

Currently around $45 a barrel about $100 from the peak.

So, are we heading for the $25 barrel or the $125 barrel in the short term?

$25

[AtW]

Which way is it going in the next 3-6-12 months?

It's going down - and Putin's regime with it!

[ace00]

It's going down - and Putin's regime with it!

Be careful what you wish for....

[Mich the Tester]

Someone I know very well was recently asked at an industry meeting for price projections on one of the chemicals he trades. I will share with you his answer, which applies just as well to oil;
‘It’ll go up a bit and then down a bit. Then up a lot and then down a lot. Maybe not quite in that order.’

A lot of people tried to predict the price of oil this year and ended up bust. A lot of others will try to predict the price of oil next year and end up bust.

[moorfield]

A lot of people tried to predict the price of oil this year and ended up bust. A lot of others will try to predict the price of oil next year and end up bust.

It's a good time to start drip feeding / buying / holding oil for the next boom I think. Pile into LOIL.L like me and you'll either be living in a cardboard box or have your mortgage paid off this time next year.

[DimPrawn]

It's a good time to start drip feeding / buying / holding / piling into oil for the next boom I think. Pile into LOIL.L like me and you'll either be living in a cardboard box or have your mortgage paid off this time next year.

Or if you have one of them new builds, have your mortgage paid off and be living in a cardboard box.

[Mich the Tester]

It's a good time to start drip feeding / buying / holding / piling into oil for the next boom I think. Pile into LOIL.L like me and you'll either be living in a cardboard box or have your mortgage paid off this time next year.

You took out a mortgage on a cardboard box?

Typical of all this irresponsible borrowing.

[ChimpMaster]

Oil is bound to go down if we enter a serious slowdown, which by all means we probably have. After all, it was only $10/barrel a few years back.

I'm waiting for $20/barrel and then will take a long dated out-of-the-money option/warrant position.

[AtW]

If oil goes below $20 I vow to stop posting on this forum for as long as it stays below that amount. Bring on the commodities bubble crash!