When do you think oil will bounce back up?

[AbdiJohnson]

And what do you think WTI/Brent will reach in December 2015?

I am,

Abdi "I predict $50-55" Johnson

[Lamagoodle]

Well, well, it all depends on several factors; global economic growth (2007 figures), war(s)/threat of war in the middle east are just two issues which will make an impact.

It was not long ago that we had 147 dollars/barrel; and my prediction is that it will hit the 70 dollars mark by december this year. There is alot of money pumped into the economic systems to stimulate growth; and that will have an impact.

By the end of 2016 we could have 100-120 .

Check this page...

http://knoema.com/yxptpab/crude-oil-pri ... and-charts

[AbdiJohnson]

The days of $100 a barrel are over thanks to increased production of shale oil

I am,

Abdi Johnson

[Itrah]

Commodities are in a cyclical term bear market.

Gold and silver peaked in 2011. Oil peaked in 2008.

Typically they go down for 25 years after these type of bull markets.

[Lamagoodle]

Shale oil is actually not that important when we look at predictions.

There are other factors at work; global economic growth is slow and there are some structural challenges; industrial output remains low.

[original dervish]

Shale oil for the most part is uneconomic at less than $60.
Prices will rise in line with economic growth/demand in Asia/Europe.
Very unlikely to see $100 oil for the foreseeable future.