"Eurasia Group is the leading global political risk research and...

"Eurasia Group is the leading global political risk research and consulting firm,"  weighs in with their analysis (from about 5:10) of where POO is heading:

http://www.bnn.ca/Video/player.aspx?vid=839045

I believe POO will gain ground through 2016. Estimates I've come across range from U$50 to U$80. The U$50 bottom range/bearish prediction represents a gain of over 25% at today's WTI price. I'll take that!

OV

PS Which oil price is most appropriate when analyzing SXY: Tapis, Brent, WTI?

PPS With accumulation steadily increasing, viz. daily volumes, I think the thread title is inaccurate.