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Oil Update - September 2021

Oct. 01, 2021 11:01 AM ETDBE, RJN, JJE, JJETF, USO, DBO, USL, BNO, OIL, OILK, USOI, OLOXF, OILX1 Comment
Kevin Stecyk profile picture
Kevin Stecyk


  • Oil prices rebounded strongly in September.
  • The US will ease air travel in November.
  • I expect economies around the world to continue to strengthen and demand more oil.

Oil Or Gas Transportation With Blue Gas Or Pipe Line Valves On Soil And Sunrise Background

onurdongel/E+ via Getty Images

My forecast range for the price of West Texas Intermediate oil in October is $70 to $80 per barrel, which is a five dollar per barrel increase over last month's range.

Oil prices rebounded strongly in

This article was written by

Kevin Stecyk profile picture
Kevin H. Stecyk has a mechanical engineering degree from the University of Alberta, an MBA from Queen's University in Kingston, Ontario, and a CFA designation. He spent the earlier part of his career working for Syncrude Canada Limited, an oil sands company in Fort McMurray, Alberta. After Syncrude, he worked for Suncor Energy Inc. in its conventional natural gas division. For the past several years, Kevin has been an independent consultant. Kevin's financial and business articles are not focused on any one area, but rather whatever industry or company currently interests him. Visit his site: Specious Argument (http://www.speciousargument.com/blog/)

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Comments (1)

Slade_01 profile picture
Agreed that energy prices will continue up. Just saw this comment out of China:

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