oil should hit fifty by friday

i have been wondering my self if i should buy a oil stock .

https://blogs.reuters.com/breakingviews/2015/12/30/oil-will-blow-past-80-a-barrel-in-2016/

this article was posted on dec 30th.

for timeline reference

https://www.livecharts.co.uk/MarketCharts/brent.php

this is the live crude price in uk this is roughly 7 hours early from wti market but it allows ny individual of a heads up to what going to happen in the us for day traders.

bbc business 32 min ago.

https://www.bbc.com/news/business-35219745

brent gold and swiss franc up around 1%

dollar euro markets down citing growing tensions with Saudi iran tensions.

All you oil longs need to give it up. Oil will never hit $60 again for at least another four years. Iran is set to pump in more than 10 million barrels a day possibly more within next 6 months. The glut is real and not going away for a looong time. 

Oil is a dead commodity over the next 4 years......move on to something else because you're catching a falling knife. 

oil continues to stay near the 30.00 level.

if the oil glut continues at what point does it drop to 20.00

and with that much new equipment idled in the fracking business at some point those notes must go into default, maybe not for oil giants dutch shell and exon mobile, but bp , chevron, Texaco, and other mid tier corporations.