Forecasting oil prices… – Commodity Research Group

March 11, 2016 by Jim Colburn Leave a Comment

From the IEA’s February Oil Market Report, released on February 9th:

“If these numbers prove to be accurate, and with the market already awash in oil, it is very hard to see how oil prices can rise significantly in the short term. In these conditions the short term risk to the downside has increased.” (https://www.iea.org/oilmarketreport/reports/2016/0216/)

WTI trades down to 2605 on Feb 11…

Same IEA, March 11 (with WTI trading around 3870):

“Even so, there are signs that prices might have bottomed out.”

https://www.iea.org/oilmarketreport/omrpublic/

The business of forecasting oil prices isn’t easy…

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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