First of all apologize for my english as it is not perfect. The reason for this is that I'm actually from a German speaking European country.
As certainly most of you out there know the tensions between Russia and the United States (and their allies/vassals) are increasing I want to talk a little bit what it could have to do with the oil prices. I have my own little theory regarding oil slumping oil prices and what it could have to do with those rising tensions.
I will make it as quick as possilbe as I don't want to claim to much of your precious time: Now we know that russias economy is quite heavily dependent on the oil/gas prize. It makes about 16% of GDP whereas in the United States this number is just at about 4%. So economically speaking it should be clear where the United States can hit Russia the hardest. We also know that simultaneously the West is imposing diverse sanctions upon russia. In summary it can be said that the focus from the West definitely started to shift towards Russia in recent years.
At the end of September 2014 there were several articles in the mainstream that the Rockefellers are shifting capital out of their oil investments into clean, renewable energy. At the same time the Federal Reserve started their little tightening cycle. Long story short: After the announcement from the Rockefellers which wasn't really reported heavily about in the western mainstream the oil prices almost immediately started to fall massively. From about 90 USD per barrel to about 28 USD within 15 month. Conservatively I now took the oil prices at 90 USD when the articles were published in September of 2014. It should be clear that the Rockefellers probably already were selling before, perhaps even at prices above 100 USD.
We also know that the United States produces record amount of oil through fracking in the past years even if in a lot of cases the frackers make deficits. The Government and the US FED supports the industry in several ways. But this would be to much details for a short article. At the same time Saudi Arabia also produces record amounts of oil and doesn't really undertake a lot to stop the low prices.
Conclusion 2: It seems like one of the most important geostrategic targets from the United States are the low oil prices to bring pressure upon Russia. Before they start a war they will try all other strategies to overthrow Putin and his regime. We all hope that their won't be a WW3 but unfortunately the western world seems to be run by sociopaths. So the United States Government in cooperation with their allies/vassals and the FED and their little tightening cycle (deflationary = additional pressure on oil prices) is doing everything to surpress and manipulate the oil prices down. They want to make the economical conditions in Russia so bad that the own people in Russia will turn against Putin. The plan will probably fail because Russians are extremely tough which has to do with their culture. Even if fracking is extremely harmful for the environment it won't stop the political puppets in the United States to stop it. They will keep doing it even if they make losses with it. At the same time they will keep saying how harmful CO2 is while producing record amounts of oil by fracking it with chemicals out of the ground.
Conclusion 2: The oil prices will probably stay very low for a while. As long as the economical conditions are bad and Putin is still in power in Russia, they will do whatever it takes to surpress the oil prices. It wouldn't surpirse me if the oil prices will soon be below 39 USD or even below 27 USD. The USD which I see a little bit stronger over the next few weeks will be an additional "suppressor" of the oil prices.