Why are oil prices so low?

You are in TN too? I'm in middle TN in the Nashville area. I filled up for $1.79 yesterday morning.

 

Saw it. Called it. Traded it. In advance. Not after the fact like is the norm on ET.

Where's the bears and the experts now? A guy here was calling for $25 this week?

 

For me after a last down to reach 43, they will be a up to 65 -68 .

 

Hope you got out before your arrogance got the best of you.

 

Haha. I'm just having fun.

I'm not long oil. I'm long STL. Still well in the money on my entry.

We were 5 dollars short of the price you would be shocked to see. After such a move, pulling back is normal, no?

Still a lot left of February.

 

A little update to my haters!




Another 4% day today. Morgan Stanley upgraded Statoil to buy today with a price target of 160 NOK.

I think that will be my target as well. Maybe more if the oil prices start to pick up soon.

Kind regards from Norway.

 

any prognosis for the next 2 days?

 

Up! Up! Up!

Expect volatility, of course.

 

I'm thinking there's a good chance we'll see Brent trade over 60 by the close this weekend, no?

 

Nailed it!

Can we still see WTI over 60 by the end of February?