Oil Price Forecast: AI Algorithm Warned About Oil Prices Collapse
Oil and gas market has suffered major decline over the last couple of years. Times of prices $70 per barrel are gone and most of the recent OPEC+ discussions were circulating around efforts to keep the gears turning at $40 level on global scale. Around start of this Spring some traders expressed sentiments that excessive oil supply may cause some storage issues. However, the uncertainty around this subject was such that no one wanted to take responsibility to give any solid estimates on the WTI and BRENT futures prices until end of Spring to Summer of this year. Then May 2020 WTI delivery futures have gone negative.
