Very interesting and informative madamswer, a good unbiased way to look at where price of oil may head and the main thing that seems irrevocably true would suggest anywhere.
Also one can draw a conclusion that price of oil being below long term average, not quiet yet in the lower percentage quartile ( but was almost 18 months ago), may lead some to believe a prolonged time below the magic mark of 57$ may be about to expire. (Assuming 57 is the mark to make a comparison, as I am not sure what the average price of oil was 20years prior to 1997. Also an inflation adjusted comparison would see oil at around $30 to $20 20 years ago.)
IMO for any contemplating an entry point, below $3 is starting to seem a better proposition. (Don't hold it against me if I'm saying the same if sto falls to 2), I'd personally rather hold a commodity without management risk rather that sto itself.
Gltah
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Very interesting and informative madamswer, a good unbiased way...
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