Tuesday, September 22, 2009

Is it possible to forecast oil prices


With the present economic climate, it is actually even to vaguely guess the oil price forecast.

Of the 184 votes gathered in Worldoils, for the guesstimate oil price at the end of 2009, 64 votes were for the prices between $76 and $85 followed by 40 votes for $66 to $77.

Many analysts are predicting the Crude Oil Prices to fall below $50, where as many analysts are predicting theCrude Oil Prices to be over $70.

Crude Oil Price History.

Crude Oil Price Research.

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