| Out of all the potential investments in the universe, oil might be the most difficult to predict at this point in time, but only for geopolitical reasons. If you eliminate the geopolitical factor, oil would undoubtedly move lower.
There are several reasons for this, which include slowing growth in China (a major factor), the threat of deflation in Europe and Japan (temporarily being staved off by monetary policies), the rise of the U.S. dollar, and members of the Organization of Petroleum Exporting Countries (OPEC) being hesitant to cut production. However, geopolitical tensions do exist and there is so much tension around the world that there is definitely potential for an unexpected event to lead to a spike in oil prices...............................................Full Article: Source
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