Sorry I strongly disagree the crude oil will up again to USD100 soon, don't you think the current crude oil consumeable countries have their reserve strategy, and the demands will definitely go down, what will then happen? Bingo, the price will not go up so high. However, I believe the price can go up to 70-80, and this should be the maximum in this year, and also depend on more USA producers stop producing. Please think of what happens, if the price couldn't cover the cost until no reserve and loan coming, the finance tsunami will be coming soon. I hope you guys can buy this counter now, and get profit without delay when the crude oil climb up to 65. Invest on your own risk. This is my personal comment.
Oil prices will rebound rather than extend their decline to as low as $20 a barrel because a collapse since June isn’t merited by global supply and demand, OPEC’s Secretary-General said.
Total SA joined a raft of international oil companies, including BP Plc and ConocoPhillips , in slashing budgets in light of the recent plunge in prices. The French oil major said it would cut spending on U.S. shale production, among other regions, raising hopes there would be a reduction in the oversupply of oil from the United States.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sengkee
2,060 posts
Posted by sengkee > 2015-01-16 14:33 | Report Abuse
Next week 50 sen. Oil price won't go below 45 these 2 weeks