Oil: 3 Month Outlook

Discussion in 'Economics' started by WallStGolfer31, Nov 20, 2006.

  1. WallStGolfer31

    WallStGolfer31 Guest

    The newest front-end contract is now January 2007!

    Below are three temperature probability maps for the United States by NOAA.




    Now AccuWeathers forecast is a little different from NOAA's in that it is basically "Expect midwinter to be colder and stormier than normal in the South and East; warmer and drier over the Northwest into the northern Plains."

    Full AccuWeather forecast ( http://wwwa.accuweather.com/promo-ad.asp?partner=accuweather&traveler=0&dir=aw&page=winter2006 )

    Overall, given the equal probabilities for above or below average weather for other parts of the United States, it's looks to be an above average winter for 06-07.

    Based on lower demand for heating oil (and subsequently crude oil) and the willingness for non-OPEC members to supply willingly I see lower oil in the next three months.
  2. Move on it then ...

  3. I'm down on VLO and HESS. Of course I know evetually they will be both in the black eventually.