http://seekingalpha.com/article/2730...e-drivers-seat
Always look to understand fundamentals.
Summary
• The oil markets have hit multi-year lows on unsubstantiated theories about a supply glut and fears of cooling demand.
• Meanwhile, the geopolitical risks around the world have oddly disappeared in H2 2015.
• Nevertheless, the facts prove that the real thing is way too far from evaporating geopolitical risks or a material deterioration of the global supply-demand fundamentals that can justify a slump.
• The unprecedented downward pressure on oil prices is a headline-driven and sentiment-driven event.
• The oil price will definitely rise significantly in 2015.