Here is a detailed Crude Oil Forecast Prediction for Today and Tomorrow according
Crude oil Technical Analytics and Technical Indicators for May 2012 Crude Oil:
|
|
Moving Averages: |
Strong Sell |
Strong Sell |
Strong Sell |
Sell |
| Indicators: |
Strong Sell |
Strong Sell |
Strong Sell |
Strong Sell |
| Summary: |
Strong Sell |
Strong Sell |
Strong Sell |
Strong Sell |
Crude Oil Info:
Oil prices, like any other commodity, are determined by supply and demand. If the proposal falls, prices rise as long as demand does not equal the demand.
The peculiarity of oil, however, that in the short term demand maloelastichen: the rise in prices has little effect on demand. Rare car owner will ride the bus because of rising gasoline prices. Therefore, even a small drop in oil supply leads to a sharp rise in prices.
In the medium term (5-10 years), however, the situation is different. Rising oil prices make consumers buy more fuel-efficient cars, and companies – to invest in the creation of more efficient engines. New homes are built with better insulation, so that they spent less fuel heating. Due to this reduction in oil prices leads to an increase only in the early years, and then oil prices are falling again.
In the long term (decades) the demand is continuously increasing due to increase in the number of vehicles and similar equipment. Relatively recently, the world’s largest oil consumers have entered China and India. In XX century, the growth in oil demand was balanced exploration of new fields, and allowing to increase oil production. However, many believe that in the XXI century, oil fields have exhausted itself, and the disproportion between the demand for oil and its proposal will lead to a sharp rise in prices – will the oil crisis (some [who?] Believe that the oil crisis has begun, and the rise in prices in 2003 -2008 years was its sign).
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