Oil & Gas Prices
Posted: Thu Dec 11, 2014 7:19 pm
EIA thinks Brent will average $68/bbl in 2015: http://www.eia.gov/petroleum/weekly/arc ... _print.cfm
Not sure about the number, but I do think they are close. The price of oil will be the lowest in Q1 then it should gradually ramp up. I think low fuel prices are going to be a HUGE stimulus to the economy, increasing demand for refined products more than current estimates. We may see demand come up faster than supply goes down.
Watch this video: http://finance.yahoo.com/news/lew-lower ... 42402.html
Not sure about the number, but I do think they are close. The price of oil will be the lowest in Q1 then it should gradually ramp up. I think low fuel prices are going to be a HUGE stimulus to the economy, increasing demand for refined products more than current estimates. We may see demand come up faster than supply goes down.
Watch this video: http://finance.yahoo.com/news/lew-lower ... 42402.html