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Thread: December 31, 2019 WTI and WCS Oil Price Predictions

  1. #1
    C2E Hard Core Contributor
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    Default December 31, 2019 WTI and WCS Oil Price Predictions

    Happy New Year to all.

    First a reprise of 2018 which started with a lot of promise in the oil markets but ended in another bloodbath.

    WTI closed at $45.41 on December 31, which means that KC's pessimistic prediction of $38 was closest to the mark. Next closest was Howie at $54.40. Congratulations to KC for his 2018 prognostication skills and honourable mention to Howie. You can read for yourself how far off the mark the rest of us ended up in the first 16 posts of last year's thread. I won't depress you with the details.

    Rules for 2019 are the same as last year with the addition of a new guess for the Western Canada Select (WCS) oil price. Guess the price of a barrel of West Texas Intermediate (WTI) crude oil and/or a barrel of Western Canada Select (WCS) quoted in US dollars at the end of the last trading day of 2019 which is Tuesday, December 31.

    To be counted, a specific price for one or both WTI and WCS is needed, not a price range, and must be posted on this thread before March 31.

    To ensure a level playing field, posters who guess early on can revise their guess (if they want) until the end of March. I'm going to hold off for a day or two before rendering my predictions but thought I'd get the ball rolling in case anyone else was ready to guess.

  2. #2

    Default

    FYI: some X-references to the old oil price forecast threads in case anyone is interested:



    Oil Price Prediction - December 31, 2015
    http://www.connect2edmonton.ca/showt...cember-31-2015


    December 30, 2016 WTI Oil Price Prediction
    http://www.connect2edmonton.ca/showt...ice-Prediction


    December 29, 2017 WTI Crude Oil Price Predictions
    http://www.connect2edmonton.ca/showt...ce-Predictions


    December 31, 2018 WTI Crude Oil Price Predictions
    http://www.connect2edmonton.ca/showt...ce-Predictions



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    Last edited by KC; 01-01-2019 at 10:51 AM.

  3. #3
    C2E SME
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    Default

    Wti - $50.00
    wcs - $30.00
    "Talk minus action equals zero." - Joe Keithley, D. O. A.

  4. #4
    Addicted to C2E
    Mr. Reality Check

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    wti 70.65
    wcs 56.65

    not sure whether that makes me an optimist in regard to oil prices or a pessimist in regard to world affairs....
    "If you did not want much, there was plenty." Harper Lee

  5. #5
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    After the events of the past several years I seriously don't have a clue, but here goes:

    WTI - $55.00
    WCS - $40.00

  6. #6
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    Canada is currently learning lessons as a young country when it comes to nation building.

    I believe WTI will hover around 65 per bbl and WCS will narrow the gap between using supply management and the coming online of Enbridge’s replacement line running to Wisconsin. WCS to 58 per bbl by year’s end.

  7. #7
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    Somewhat optimistic on my part but anyway:
    WTI - $80
    WCS - $70
    “You have to dream big. If we want to be a little city, we dream small. If we want to be a big city, we dream big, and this is a big idea.” - Mayor Stephen Mandel, 02/22/2012

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