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Crude Oil Futures - May 15 (CLK5)

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47.80 -0.88    (-1.81%)
12:36:20 GMT - Real-time CFD Data. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 48.68
  • Open: 48.58
  • Day's Range: 47.32 - 48.76
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Crude Oil 47.80 -0.88 (-1.81%)
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Crude Oil
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Latest Crude Oil Comments

Day Trader
Day Trader Mar 31, 2015 12:28PM GMT
The global oil price drop may last for the next couple decades. . Stanford economist Frank Wolak says the drop in oil prices and demand reflects heightened energy production in North America, better technologies and the declining market power of the OPEC countries. Global oil prices may stay low for the next 10 or 20 years, according to Stanford economist Frank Wolak. The most likely medium-term outcome is $50 to $70 per barrel, according to Wolak. He is the Holbrook Working Professor of Commodity Price Studies in the Department of Economics at Stanford University. And while geopolitical and environmental issues may unexpectedly arise that turn oil prices upward, Wolak said many factors point to lower oil prices for the foreseeable future. Crude oil prices fell from a high of $115 a barrel in June 2014 to a low of $45 in January of this year. The lower prices have generated ripple effects throughout the global
Day Trader
Day Trader Mar 31, 2015 12:29PM GMT
http://peakoil.com/ ... http://peakoil.com/consumption/the-global-oil-price-drop-may-last-for-the-next-couple-decades

aria stark
aria stark Mar 31, 2015 12:18PM GMT
Doesn't matter if u short or buy you still gonna loose, computers are smarter than you. :)
Day Trader
Day Trader Mar 31, 2015 12:31PM GMT

Day Trader
Day Trader Mar 31, 2015 12:18PM GMT
Oil could fall below $30 a barrel, but here’s why that’s a good thing http://www.marketwatch.com/story/oil-could-fall-below-30-a-barrel-but-heres-why-thats-a-good-thing-2015-03-30?dist=beforebell
Day Trader
Day Trader Mar 31, 2015 12:24PM GMT
"From a technical standpoint, the next stop for oil could be around $34 a barrel, he said, and “could possibly break into something in the mid-$20s.”
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