It is not easy to predict current oil prices.
They are not easy to track.
They are stable one week but sky high the next week.
It is truly difficult to follow them.
Current oil prices will change, be it tomorrow or the coming week.
There are certain few periods during which oil prices are stable.
However, this does not last.
The prices always shoot up.
This is one thing that we can be certain about.
The oil prices will continue rising provided it is in great demand.
Oil price stabilize, maybe for a day, maybe for a couple of weeks.
The fact of the matter is that the trend does not last.
They always fluctuate..
They are good on some days but bad otherwise.
It is not easy to talk about something that is known to change consistently.
But an opinion could be given after taking into account its gradual overall increase.
Prices of oil will grow but as per the demand at that particular period.
Sometimes there is not much need for it in certain areas of the world.
That would allow more of it to be sent to US that too at cheaper rates.
There are several factors that affect the current and future prices of oil.
These factors are just as unpredictable.
It is difficult to determine.
If you look at the factors closely, you might be able to notice patterns in the fall and rise of current oil prices.
Will the price be stable in the near future? This is not easy to say.
It will depend on the contribution of each factor every day.
That will determine if the prices will grow or stabilize.
So far it seems like the oil prices are only going to increase because of the high demand.
Nothing much can be done about this.
Fuel and oil are required by everyone in the world.
We all will keep using them till they become unaffordable or extinct.