I expect West Texas Intermediate oil prices to range between $52.50 and $62.50, consistent with the range in my last two months' forecast.
There was a lot of volatility in oil prices in September. There was an attack on Saudi Arabia's infrastructure, and although Saudi Arabia's exports have recovered to near prior levels, there are still questions remaining as to how quickly Saudi Arabia's infrastructure can be fully repaired. Adding to the uncertainty is the impeachment investigation in the US. My own view is that one should largely tune out the political noise until such