Short Term Oil Prices

[AsaruEa]

Hey guys - I'm looking at taking some profits on my OPC but I'm having trouble pulling the trigger as the price of oil keeps rising.

[Attaxargo]

Where do you all see oil going over the next month or two? Are we in for a drop-off after this $10 jump in May? Or will the momentum continue for awhile?

[Aveleoau]

Hard to tell. Opec wants oil to be around $70-75. I wouldn't be surprised if it hit that in july/aug.

[Avrelyolert]

But as with many things these days, oil no longer trades on supply and demand functions, it's mostly a political game with a whole lot of speculation thrown in.

[admin]

Yeah, I'm waiting for oil to hit $75 Then I'm going to sell out gains after OPEC makes their first announcement that they are going to begin to ramp up output.

Fairly safe bet that way, I just can't see oil taking another big dive, especially with the summer coming shortly.

I could be wrong though, lol.

[awikuvakumije]

[Ayitoszind]