RE:any idea for WTI oil price forecast in 2019?Vincent007 wrote: is it possible that WTI oil price can go up to $70/$80/$90 in 2019?
is Crude oil overspplied again? or just short term? any idea?
yes, I think we could easily see $70 with a chance of $80 for wti, but I do think we see $70 - I keep recommending that people pick up some U.S. companies as well - MRO is just under $15 - a lot less risk than stocks like BTE and CPG - you can hopefully ride those back up, but if you like oil you might want to get some US oil stocks that have had about a 50% drop as well as they have a lot less risk, aren't in Canada don't have as bad differentials, etc. I might pick up some VLO as well - under $75, but I like MRO and if oil goes back to $70 it will trade in the 20's