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Please state your oil price prediction and why. I think next

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Please state your oil price prediction and why.

I think next year it goes to $70 a barrel because of the lack of new investment and fracking wells don't last very long.
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$20 a barrel due to oversupply
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>>1014882
It'll stall at $30 per barrel for a year or three, drop to $25, and start pushing way the fuck up to $40 for a year and keep climbing until they hit $70 where it'll start a loop of raise/drop between $50 and $70 over the course of a few years. It'll stay in that range for decades, minus the inclusion of inflation adjustments.
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>>1014882
it'll probably creep back to 50, maybe 60, people will start to think it's stabilizing or even heading back to 100, then the global market jitters start up again, plummets to 25, the donks on /biz/ will be running threads on how they're going to buy it for $5/bbl then it'll head back up towards 50-60ish and actually stabilize
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