algotrader What is everyones view on crude oil for Jan-March quarter? Currently brent is around $75-76. With middle east tensions and OPEC cuts, should we expect prices to go up or China slowdown will keep it under control?
algotrader Reply by: OilMarketTracker very difficult to predict bro. geopolitical situation is to volatile. one attack in middle east and prices can jump $10 in one day. but china demand is weak thats true. i think range bound between $70-85 is most likely scenario unless something major happens.
algotrader Reply by: EnergyTrader_Ahmedabad Also watch US shale production. They are increasing output which is keeping prices from going too high. And strategic petroleum reserve release by US is also possible if prices cross $85-90. So upside is limited in my opinion.