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Author Topic: Brent Crude and Barrel of Crude Oil  (Read 1365 times)

Offline Allison

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Brent Crude and Barrel of Crude Oil
« on: August 02, 2014, 08:54:14 PM »
When will the oil prices drop?
The US is capturing our own energy reserves via hydraulic  fracturing. Which causes us to use less and less OPEC oil. Therefore, we have become less dependent on OPEC.
So, when will the price for a barrel of crude oil decrease?
« Last Edit: August 02, 2014, 08:55:50 PM by Allison »

Offline Eliza Abrams

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Re: Brent Crude and Barrel of Crude Oil
« Reply #1 on: April 10, 2020, 02:47:28 PM »
Well, the prices are dropping hard now because of the pandemic. Who knows when it will end.

Offline fxopen78

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Re: Brent Crude and Barrel of Crude Oil
« Reply #2 on: June 10, 2020, 01:41:52 AM »
During pandemic oil price drop sharply and even make new history, the worst price ever occurred, Oil price drops in negative prices because oil demand is decreasing sharply during a pandemic, for the exporter is bad but for importer giving benefit they buy but get earn if oil prices in negative

Offline drunkfx

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Re: Brent Crude and Barrel of Crude Oil
« Reply #3 on: June 16, 2020, 05:40:47 PM »
When will the oil prices drop?
The US is capturing our own energy reserves via hydraulic  fracturing. Which causes us to use less and less OPEC oil. Therefore, we have become less dependent on OPEC.
So, when will the price for a barrel of crude oil decrease?

Drop to what level? I guess it all depends on supply and demand forces as well as global inventories. All three factors play in favour or continuation of the rally so I hold long positions with Hotforex, thanks god they charge low swaps on long positions.

 

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