Oil Economic Geography

How high will the oil price rise to this year?

So the oil price fell today to 69.50 as I predicted it would go back down. But what do you think about the oil will it go down or up. I am predicting up with hurricane season coming up and we are on the brink of going to war with iran. The question is how high do you think it will go? $80 $100 dolars a barrel?

Public Comments

1. My guess is about $85 a barrel
2. about $85-$90. But it really depends on the political situation. if USA attacks iran then the oil prices will shoot up to $100-$120. The best thing is to accumulate gold as the price of gold mimics the price of oil
3. I think it will go down below $60. Too much hype!