[Cog]

I need $55 and it to hang up there for a while to move the average price up. A small crisis will do.

[wildbourgman]

I have some co-workers (oilfield workers) saying they wish that oil would get back to 100 and I told them "not me". I want to only get a certain point and stop until the end of the year. Then I explained the Oil Price Challenge and they asked what's more important my career in the oilfield of some challenge on the net? I'm so not sure!

[PeakOiler]

With another new high price reported for the year, we have a new leader in the game!:



I may still take 1st place briefly if prices get just a little higher...but I hope that they also decline a little more so the average price won't be as high as it looks likely to be. We'll see...

[salinsky]

It feels a bit shaky up here on the peak. I expect it could come to fisticuffs between the top five players, or even worse if there are serious international incidents.
Sal

[davep]

I'm starting to worry that my close and average are too low. Others could emerge from the depths of the table soon.

[careinke]

I'm starting to worry that my close and average are too low. Others could emerge from the depths of the table soon.

At the moment, things are shaping up nicely.

[PeakOiler]

Wow! Did WTI close around $50.23-$50.29 today? That may mean that I'll take 2nd place after next week's EIA report!

That is, if the average gets to 38.55, and the close is above $48.49 in next week's report.

I've never been this high in the charts! Even so, I don't expect my place to hold...the average price is getting too high, too soon.

I'm hot on your heels, Pops, wherever you are!

[vtsnowedin]

I'm starting to worry that my close and average are too low. Others could emerge from the depths of the table soon.

Like a great white shark rising to snatch a seal from the surface.

[PeakOiler]

Here's the new scorecard:



Gasmon moves into fourth place. As I mentioned above, next week's report from EIA should show the close above $50 and a higher average so there will more changes in the standings.

[dolanbaker]

There's a bunch of us hovering around the middle of the table and we're all drifting up the table as the price rises.

[Outcast_Searcher]

There's a bunch of us hovering around the middle of the table and we're all drifting up the table as the price rises.

Speak for yourself. I was near the top earlier this year and have drifted all the way to the middle as prices recovered faster and stronger than I expected in 2016.

OTOH, short term guessing about prices is purely speculation, making this exercise about as random as the roulette wheel IMO, though it's fun to watch.

Compared to a casino there are less waitresses in short skirts to oogle (at least at my house).
OTOH, it doesn't cost anything to lose (unless one has side bets).

[salinsky]

This downward trend is probably going to be short lived, and as the young kids are so fond of saying nowadays, the inexorable rise will be kicking ass for the next ninety days or so. ay dios mio

Sal

[PeakOiler]

Well, the Brexit vote put a temporary (?) curb on oil prices this last week, so my advance towards second place was given a setback.



cx-portal shows oil above $49 today, so perhaps by next week I'll be hot on Pops heels again...

[salinsky]

Did all you fellers and gals, (esp. Lorie) get your rockets off? Some folks around here like to use dynamite at 1:00 A.M. Sound carries a long way across the prairie. Why hell, I likes the sounds, I do, Whummmpfff!
Enaways, those WTI cats are bouncing up and down so much, it's making me duckin' fizzy. I'm spectin' to be makin' a concession speech in about ten days or so. I'd like to keep my braggin' rights on up to the year's end, but just ain't likely to happen.

[PeakOiler]

Here's the updated scorecard:



The average price continues it's climb. My average guess is now too low, as I thought. What if the price drops below 39 for awhile? Hmmm...

[PeakOiler]

Yikes! I'm losing ground! That's OK for now since that means the continuing rise in the average price slows as well since the closing price has hovered around 45-46. I'll make my comeback later.

[Cog]

I'm liking it. I was stuck in 10th place forever and I'm moving up. Now for a small crisis to get to 55.

[PeakOiler]

I'm liking it. I was stuck in 10th place forever and I'm moving up. Now for a small crisis to get to 55.

Small crises? Such as Canadian oil sands output due to the fire? Or continuing unrest in Nigeria? Or declining output from Venezuela? How about the continuing war in the ME, esp. Syria and Iraq?

I think a MAJOR crisis is what would push prices up to $55 (and perhaps beyond). And what would that be? Terrorism at Cushing, OK? (Destruction or damage of the oil storage facilities there?) Nuclear war? That's pretty major...

What other "black swans" do you think would push prices up? Hurricanes in the GOM taking out offshore Texas and Louisiana oil facilities?

[Cog]

I'm counting on Iran to make this good for me.

[salinsky]

Still on top, and expect to remain so for the rest of the year. Prices ain't going no where.