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The invstr community predicts Brent to close at $60 a barrel this week and to end 2015 at $71 a barrel

by | Dec 17, 2014

Today Xi Jinping has cemented his status as China’s most powerful ruler since Mao Zedong, by having his name written into the communist party constitution.

Oil prices have fallen by 30% in the last six months following a peak in the summer months.

Brent Crude Oil Prices & invstr Predictions ($)
01/09/2014Current2014 Close2015 Close
102596071
Source: price history from IDC, forecasts from invstr community predictions

Until very recently oil prices were high. This encouraged an increase in supply from traditional producers such as Canada and Russia for whom oil revenues are an important source of income. High oil prices have also encouraged shale oil production in the US, which started in 2003.

Lower oil prices benefit motorists but they hurt the producer. If oil prices stay low for long this will discourage production of oil wells that have a cost above the current level.

 

The invstr community believes that oil prices will only recover to $71 by end of 2015. This implies that oil production will have to fall further until demand and supply find a new equilibrium. Low oil prices will keep inflation low, raise consumer disposable income and should be good for equity markets.

To cast your vote and see invstr community predictions, go to the Games List on the invstr app.

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Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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