Oil Price Watch

**StockEngine** · November 14th, 2015 06:50 PM

IEA says oil price will remain low for the next few years.

OPEC will certainly tighten their belts. No more subsidized fuel started with Dubai...

OPEC cant win the war against other oil suppliers.

**StockEngine** · November 17th, 2015 10:02 PM

Originally Posted by StockEngine

20$ per barrel has been reiterated by Goldman Sachs. it will go down some more from the current sell price.

Goldman&Sachs may have predicted somewhat correctly. some now say 25-35$ per barrel in 2016

**jut703** · November 17th, 2015 11:30 PM

Rollback of roughly 70 cents per liter for both products next week. Could decrease even more as the week progresses.

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**SkyFlakes88** · November 18th, 2015 07:57 AM

Originally Posted by jut703

Rollback of roughly 70 cents per liter for both products next week. Could decrease even more as the week progresses.

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Thank you Sir Jut for the heads up![emoji4]

**macsd** · November 18th, 2015 09:54 AM

Oil prices inch closer to $40 per barrel | Inquirer Business

More roll back in the days to come.

**Ry_Tower** · November 18th, 2015 10:27 AM

Pabor sa may mga genset at fleet of trucks hehehe

**oj88** · November 18th, 2015 10:31 AM

Rollbacks are always bittersweet. I hate the rubber band effect afterwards.

**jut703** · November 18th, 2015 10:36 AM

Originally Posted by oj88

Rollbacks are always bittersweet. I hate the rubber band effect afterwards.

No rubber band effect for the entire second half of the year. Prices have been at a steady downtrend.

Price per liter since May 2015:

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**anonemus** · November 18th, 2015 10:45 AM

Originally Posted by jut703

No rubber band effect for the entire second half of the year. Prices have been at a steady downtrend.

Price per liter since May 2015:

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With the West targeting ISIS oil trucks, will this affect this downward trend soon?

**oj88** · November 18th, 2015 10:58 AM

Originally Posted by jut703

No rubber band effect for the entire second half of the year. Prices have been at a steady downtrend.

Price per liter since May 2015:

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Even scarier, TBH. Once prices hit rock bottom, I can't imagine what the repurcussions would be like several months from then. I personally would've preferred a more stable oil price point.