US Oil Prices

I’m sure you have heard lately that US Oil prices are dropping. In fact, they have just hit at a 6-year low. And if you haven’t heard, then you can count on us to inform you.

Past

Here is a little history on the cost of Oil. December of 2008 crude oil spot price fell to $30.28 a barrel. That is the lowest since the financial crisis of 2007-2010 began. However, it eventually rebounded and inclined to $82 a barrel in 2009. Now, by early 2011 it hit $100 a barrel.

This caused the trade to expand. People saw the opportunity in this.

Present

So what is happening now you ask?

November 2014 is when oil prices started its decline. Once Early 2015 rolled around, US Oil hit its 6-year low of around $56 a barrel.

However, you should keep in mind that low isn’t always a bad thing. We see the US Oil low as an opportunity. A long term one!

Future – Time To Buy

So, while yes prices have dropped we see this as a great time to buy. This is the ideal time for purchasing with a long-term hold in mind. Since oil will always be one of those necessities then you can know that it will rise again like it did in the past.

Now obviously we cannot predict the future but as the saying goes:

“If you want know the future, look to the past.”

Update

Prices are in fact starting to rise. They have hit their first 2015 high on Tuesday April 7, 2015. This just shows that this is a great time to invest before it rises even more.