honestly, why anyone would try to predict the oil price short term is beyond me. Articles like this and analyst views vary so much, there are just too many variables at play.
One thing is for sure though, if the oil price remains low there will be less investment in exploration, drilling and of course a reduction in US shale oil. It is more a matter of which companies survive the downturn to prosper when prices move up.
nice move up for TAP today, hopefully will continue into next week.
TAP Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held