Many experts forecast that oil prices will fall in the long run over the next few months due to decreasing demand.

What do you think, do you predict oil prices will fall over the next few months?

I'll tell you what, if you have money you can afford to tie up in oil for the next 3-5 years do it. I am fairly confident you will at least double it.

With the continued recession and lack of demand for oil, the prices will continue to drop.

I'm no expert on oil but I believe oil prices will fall in the short run but rise greatly in the long run. As Uncle Awesome said, within the next 3-5 years there will most likely be a huge spike in oil demand & alternative energy wont be available widespread for at least another 10 years.

It all depends on your time horizon. Could oil drop further? Yes. Will it drop significantly more? I highly doubt it. The US will be out of recession by the 4th quarter of this year (possibly even the 3rd quarter), although we won't know it until early 2010, since the gdp numbers won't be in until the 1st quarter of 2010. That's my prediction.

oil will drop again or not?or mybe will raise?

Over the long run, there is nowhere for oil to really go but up. Investors are shorting it meaning the actually supply and demand curves are not at the actual equilibrium, but instead the supply curve is lower.

My husband works has worked for Schlumberger for 20+ yrs. they service the oil rigs . He was just telling me yesterday that OPEC is cutting back supplies overseas to help drive up oil prices back to $70 a barrel.

Diesel is mainly a commercial need. The government should reduce price, this would take price down for everything in the UK. And increase unleaded.

oil prices will fall,but not much as we seen few months ago.

Crude Oil fell down after equities dropped & an industry report showed an increases in crude supplies in the U.S, the world biggest oil producer country.

Ya, Oil prices will continue to drop as equities dropped & supply rise in U.S.

The equity markets and the crude markets are both speculating on the economy recovering.

Crude Oil rose ahead of a manufacturing index due to in the U.S, the world biggest energy consumer, that may show conditions.

Gasoline sales in the U.S. over the Independence Day holiday weekend, a time that usually marks the peak of gasoline demand for the summer, were unusually weak.

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