Reply

Dear visitor, welcome to Oil & Gas Forums - Worldoils. If this is your first visit here, please read the Help. It explains how this page works. You must be registered before you can use all the page's features. Please use the registration form, to register here or read more information about the registration process. If you are already registered, please login here.

Attention: The last reply to this post was 571 days ago. The thread may already be out of date. Please consider creating a new thread.

Message information

Username

Subject

Message

[quote='Heng Lee',index.php?page=Thread&postID=391#post391]U.S. crude oil is expected to rise to an average of US$78.91 a barrel in 2010, a Reuters poll found on Thursday, and analysts said medium-term economic improvement could spur investment in oil, sending prices higher. The poll of 32 analysts showed a rising consensus forecast for the 11th consecutive month. In April of last year, the average forecast for 2010 was US$65.95 a barrel. In February analysts forecast a year-end price of US$77.70. "As demand for gasoline rises this summer, and investors see oil as an attractive medium-term economic macro play, [url='http://www.worldoils.com/oilprice.php']crude prices[/url] could move higher than we are currently forecasting," said Jason Schenker at Prestige Economics in Austin, Tex. "What we suspect is that the upper end of the price band has moved to an US$85 comfort zone, but that could mean short-term blips to US$90," said Lawrence Eagles at JPMorgan. "Later in the year, our price target of US$90 means intraday blips to US$100 are not impossible."

This is an extract from the Financial Post : [url]http://www.financialpost.com/story.html?id=2741479[/url]

=============================================================

[url='http://www.worldoils.com/oilsuppliers.php'][color=#663300][size=18][font='Arial, Helvetica, sans-serif']Oil & Gas Directory[/font][/size][/color][/url][/quote]

Settings

Convert URLs

Automatically converts internet addresses into links by adding [url] and [/url] around them.

Enable smileys in this message

Smiley code in your message such as :) is automatically displayed as image.

Enable BBCode in this message

You can use BBCode to format your message, if this option is enabled.

Attachments

Add attachments

Maximum number of attachments: 5
Maximum file size: 80 kB
Allowed file extensions: bmp, gif, jpeg, jpg, pdf, png, txt, zip

Poll

Poll question

Possible answers

One possible answer per row

Poll completion date (optional)

Day

Month

Year

Hour :

Minutes

Number of available answers the user may choose from

Submitted votes can not be changed.

Sort poll results by submitted votes

Security measure

Security code

Please enter the letters that are shown in the picture below (without spaces, and upper or lower case can be used).

The last 10 posts

Saturday, October 29th 2011, 8:33pm

by Bob Peters

Oil consumption - recent rise rate

In 2010 the world consumed about 88.2 million barrels of oil per day--2.7 million barrels per day more than in 2009. Whether you look at the incremental increase in demand or the percentage gain, oil demand in 2010 increased at the second-fastest pace in 30 years.

This is an extract from http://community.nasdaq.com/News/2011-10…?storyid=100350

Go to the top of the page

Thursday, October 6th 2011, 11:37pm

by Does it matter (Guest)

gas prices

It's evident that supply and demand have nothing to do with the current trending of gas vs. oil prices. Speculation and market manipulation have taken over. The whole system is corrupt and his bankrupting the middle class. Last time oil was $82/barrel, gas was $2.34/gallon... So why is it $3.59? Exactly. Bring back the horse and they will ride it! F- OPEC. They will need to start using those towels on their heads to soak up all the oil that's going to be flooding their countries very soon. LMFAO

Go to the top of the page

Monday, August 29th 2011, 8:27pm

by James (Guest)

make it higher until it collapses

Yep, make it so high that people will be further enticed to both develop and purchase alternative energy...

Go to the top of the page

Thursday, June 23rd 2011, 6:01am

by Safebuddy

In high priced oil we trust!

As a pipefitter in the Oil patch, I want the price of oil to skyrocket so like that I can buy myself this crazy lifted truck that my buddy bought and post on his Safebook Industrial page. =] In Alberta, in high priced oil we trust. :thumbsup:

Make it a $150/barrel!!!

Go to the top of the page

Sunday, May 29th 2011, 3:45pm

by Shankar

Gas Prices expected to be $5 soon or will it fall below $4?

NYPOST :

Many newspapers are predicting gas prices to hit $5 in USA this summer.

"Goldman Sachs' crystal ball is proclaiming that oil will soon soar to $135 a barrel, and likely have service stations jacking up fuel prices to $5 a gallon in New York just like the summer of 2008 that preceded the recession.
Read more: http://www.nypost.com/p/news/business/th…I#ixzz1Nkj5fKJ4

www.boston.com

"Memorial Day weekend typically ushers in summer gas price increases along with the summer vacation season. Not so this year. Gas prices fell 15 cents last week, bringing the average for a gallon of unleaded to $3.85. Joseph Petrowski, chief executive of Framingham-based Cumberland Farms Gulf Oil Group, said he expects prices to fall further, dropping below $3.50 a gallon by July 4. Petrowski recently spoke with reporter Megan Woolhouse.

Read more : http://www.boston.com/business/articles/…_in_gas_prices/

Decision is yours.

Go to the top of the page

Thursday, May 12th 2011, 2:19pm

by Critter (Guest)

Gas Prices

Donald Trump said the President can help lower oil prices. How is that? And if this were true, don't you think he would have joined Bim Laden at the bottom of the ocean by now?

Go to the top of the page

Thursday, March 24th 2011, 10:48pm

by no gas (Guest)

110 dollar oil

we wish oil was only 85 who is the moron who forecasted 85 :cursing:

Go to the top of the page

Wednesday, February 23rd 2011, 8:29pm

by Blur (Guest)

The system abusing the U.S.

You say that the average gas price is $2.98 a gallon in the U.S. But yet here the average price is $3.25 a gallon. And that's unleaded. The U.S. needs to get their heads out of the asses before we start rioting. Give it another year or maybe two at most. No jobs, shitty pay, and cost of everything is going way up!

Go to the top of the page

Wednesday, January 12th 2011, 5:03pm

by coldbeer (Guest)

Besides supply and demand another angle of looking at it would the value of USD, which is what oil prices at.
If the debt crisis continues in Europe, EURO will go south. Then where will the money go? Chasing USD and those currencies in Asia.

You need to have your own gut of making your own forecast and be responsible for it should you make any investment based on this.

Go to the top of the page

Wednesday, January 5th 2011, 6:54am

by DERP (Guest)

^Depends where you live my friend, itching for over $100+/barrel out here in Alberta.

Go to the top of the page