WTI Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: The geopolitical tensions in the Middle East could disrupt supply, driving WTI prices up. Current bullish bets by hedge funds signal confidence in potential future price gains, supported by increased OPEC+ production discipline.




Bearish Case: High inventory levels and muted global demand keep downward pressure on oil prices. Seasonal demand dips and economic uncertainties, coupled with recent bearish market sentiment, suggest potential declines in WTI.




Potential Outcomes:

1. Continued geopolitical tensions (30%): Price spike due to disruptions.

2. Seasonal demand drop (25%): Prices may decline.

3. Economic recovery announcements (20%): Bullish shift in investor sentiment.

4. Inventory builds maintain pressure (15%): Prices remain stable to low.

5. OPEC+ surprises (10%): Either cutback or increase production affecting prices significantly.




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November 15, 2024


W & T Offshore Forecast

WTI        W & T Offshore











Correlated Assets

Assets that tend to move strongly with WTI



AZUL Forecast + Options Trading Strategies   AZUL  Azul (0.87)


JACK Forecast + Options Trading Strategies   JACK  Jack In The Box (0.86)


COUR Forecast + Options Trading Strategies   COUR  Coursera (0.86)


HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (0.86)


MOS Forecast + Options Trading Strategies   MOS  Mosaic (0.86)



Uncorrelated Assets

Assets with little price relationship to WTI



RBLX Forecast + Options Trading Strategies   RBLX  Roblox Corporation - (-0.0)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.0)


EPR Forecast + Options Trading Strategies   EPR  EPR Properties (0.01)


URBN Forecast + Options Trading Strategies   URBN  Urban Outfitters (-0.01)


TTWO Forecast + Options Trading Strategies   TTWO  Take-Two Interactive Software (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against WTI



FTAI Forecast + Options Trading Strategies   FTAI  Fortress Transportation and Infrastructure Investors (-0.84)


PG Forecast + Options Trading Strategies   PG  Procter & Gamble (-0.85)


DVA Forecast + Options Trading Strategies   DVA  DaVita (-0.85)


SUPV Forecast + Options Trading Strategies   SUPV  Grupo Supervielle S.A. (-0.85)


BSX Forecast + Options Trading Strategies   BSX  Boston Scientific (-0.86)









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