Oil prices tend to be stabilized and might rise next year

The OPEC has lowered its long-term estimates for oil demands, but says 10 trillion dollars of investment will be needed to prevent a spike in oil prices. This sends a signal to the market that the era of oil oversupply will end shortly. However, the OPEC also leaves some room to maintain the oil prices at the current low level for a period of time. In my opinion, the oil prices could rise gradually next year. The social unrest in the Middle East could add more force to increase the oil prices. However, we also need to consider the other sided force that could drag the oil prices further down. The slowdown of the emerging market economies could weaken the oil demands. Moreover, the 10 trillion dollar investments also prevent the possibility of a sharp increase in oil prices. In my conclusion, I believe that the oil prices could rise back to around $70 per barrel at most by the summer of 2016 due to the slowdown of the EM and other factors. The area of over $100 per barrel will never happen next year.