Thinking to write about the recent fall of oil price, I found an article on Reuters with a similar opinion to mine:
Therefore, leaving the detailed analysis to the article, I’d like to summarize the major arguments and explain how to trade on the financial markets according to the cheap oil.
As the article describes, it’s much easier to predict how long oil will remain cheap than to say how low it will fall. As long as Saudi Arabia is serious about destroying the shale oil industry in the US, it won’t decrease its oil production till it succeeds. Thus, we can expect that oil prices will remain low until many shale oil firms in the US stop producing or go bankrupt. Continue reading How long will oil price remain cheap?: 5 ways to trade on crude oil