Do you think oil price has bottomed out? / myLot

Singapore

October 3, 2015 5:08am CST

Oil price is very low now, and I do not think it will remain low for a long time. Perhaps the oil price will increase in 2 years, and we will have to pay double for gas, and inflation will be high again.

1 person likes this

1 response

peggy baker

@softbabe44 (5815)

• Vancouver, Washington

4 Oct 15

i don't think it has bottomed out yet might not all the way thou

1 person likes this

scheng1

@scheng1 (24649)

• Singapore

4 Oct 15

I think oil price, in term of crude oil price, probably falls to USD 40, but not lower than that. That is the production cost for many countries. If extracting oil cost more than the price of oil, nobody will drill for oil anymore.