Crude Oil Future Price

Written by Tara Peris
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Crude oil future prices are expected to continue to rise, according to most reliable news sources. The reasons for this are quite clear: crude oil is a limited natural resource of considerable value that has become indispensable in modern society. Although advances in technology continue to hint at the possibility of viable alternatives, oil will remain king for the foreseeable future.

All commodities are subject to the laws of supply and demand. This in turn accounts for why oil continues to retain its value. Oil is priced per barrel and is typically regulated via price controls. Most of the time, the prices in the U.S. rest at or below the international median price per barrel. The primary exception to this is during times of war when prices increase worldwide.

Estimating Crude Oil Future Price

Because political situations necessarily impact oil prices, it is difficult to estimate a crude oil future price with any real degree of accuracy. Especially in these politically unstable times, it is hard to predict the types of events that cause fluctuations in the crude oil future price market. At the same time, the international climate suggests that for the foreseeable future, oil prices will continue to remain above average.

Although this is no doubt a frustration to those of us in line at the gas pump, it is clearly good news to those wise enough to invest in the crude oil industry. With limited supply and ever-expanding demand, it is an investment designed for success. Given both the history of the field to date, as well as its anticipated course, oil investing appears to be as close as one can get to a sure thing.

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