Forecast came false

Will WTI End Over $50 Next Friday?
31 july 2015

Will WTI rise and end over $50 a barrel next Friday, August 7. 

Answered:
11 people

Will WTI End Over $50 Next Friday?

Agreed
10 people
Disagreed
1 person

Forecast came false

Oil is now deep into a bear market, with WTI below $44, something has to give on the supply side of things in order for prices to rise before strong demand growth in mid-2016 substantially absorbs a lot of the oversupply [oil demand is seasonal, with demand picking up around April of every year which is when the demand growth would really kick in].