Announcement

Collapse
No announcement yet.

December 31, 2020 WTI and WCS Oil Price Predictions

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • December 31, 2020 WTI and WCS Oil Price Predictions

    Happy New Year/Decade to all.

    2019 did see some price recovery in the global oil market with a WTI closing price on December 31 of $61.06 US, an increase of almost $16 US per barrel compared to a year earlier. The Alberta oil market - due to ongoing takeaway capacity constraints - did not fare as well. WCS closed at $38.31 US yesterday with a trend toward a growing differential compared to WTI in the latter half of 2019.

    There were very few guesses posted by C2E members in 2019. Stevey_G's guess of $65 for WTI was closest, and my guess of $40 for WCS ended up be closest to the actual price. Congratulations to Stevey_G and me.

    The 2019 guesses that were posted are available on this thread: https://www.connect2edmonton.ca/foru...ce-predictions

    I encourage C2E to submit guesses to this thread of closing prices in US dollars per barrel for both WTI and WCS on December 31, 2020.

    The thread will be open for your guesses (and brief rationale) until March 31. I will post my own guesses in the next day or two.

  • #2
    Okay. I'll go first.

    WTI: $64
    WCS: $40

    Comment


    • #3
      Wti $72
      wcs $53
      My antidepressent drug of choice is running. Cheaper with less side effects!

      Comment


      • #4
        wti 70.65
        wcs 56.65

        same numbers and same rationale as last year...
        "If you did not want much, there was plenty." Harper Lee

        Comment

        Working...
        X