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How low do you see Crude Oil going in 2020?

Discussion in 'Stock Market Polls' started by bigbear0083, Mar 18, 2020.

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How low do you see Crude Oil going this year?

Poll closed Mar 23, 2020.
  1. $25

    0 vote(s)
    0.0%
  2. $24

    0 vote(s)
    0.0%
  3. $23

    0 vote(s)
    0.0%
  4. $22

    14.3%
  5. $21

    0 vote(s)
    0.0%
  6. $20

    28.6%
  7. $19

    14.3%
  8. $18

    28.6%
  9. $17

    14.3%
  10. $16 or less.

    0 vote(s)
    0.0%
  1. bigbear0083

    bigbear0083 Content Manager
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    With crude now breaching the 2016 lows here, just for the heck of it, where do we all see the "low" ultimately being made in crude this year?

    Also, is anyone feeling like crude is actually the tail wagging the dog more so than anything else for the overall markets?

    [​IMG]
     
  2. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    If the price doesn't hold up, Arabian oil fields will shut down and then there will be oil scarcity. Then rationing. If we're rationing oil, then we will be rationing everything else: electricity, food, etc.

    Only if oil is nationalized in the US can we keep producing our own fields.

    Reality sucks.
     
  3. rStock

    rStock Well-Known Member

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    $20
     
    JaysonW likes this.
  4. bigbear0083

    bigbear0083 Content Manager
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    i was probably a bit late to set up this poll ... we've already had our 3rd largest -% decline in history yesterday, followed by the largest +% move up in history today, on the heels of the 2nd worst -% decline in history just last monday.

    anyway, i don't know if we've actually seen the lows here, although wow that $20-handle print was something else yesterday :p

    with that being said, i'll throw in a $17-handle print as the absolute low at some point this year... o_O
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Going with $18 :p
     
    Vdubman likes this.
  6. Vdubman

    Vdubman Active Member

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    Actually charting, it looks like this could be true for many reasons. If saudis are looking to break US shale, they have to do this.
    Then Aramco can buy them all out for pennies on the dollar!
     
    stock1234 likes this.
  7. bigbear0083

    bigbear0083 Content Manager
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    i see some of you did not post your votes in this thread, so i'll just do that now before i close this poll.

    @Stoch: $22

    @JaysonW: $20

    @Steven_Burt: $19
     

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