Predicting future oil pricesAverage WTI price in Q2 2020 ~$27.28 U.S, in Q3 2020 ~$40.89, in Q4 2020 ~$42.45. In mid-summer 2020 trying to guess the trajectory of prices would have been very challenging. With the benefit of hindsight we can get on our high horse and cast scorn on all the buffoons who couldn't predict the future as accurately as we can with our superior intellect.