Oil Downturn becoming an Upturn?

[ahlangle]

I think crude prices are near the bottom, but not at the bottom yet. Many companies wanting to take advantage of the price environment will wait until they believe prices have reached a floor to make acquisitions. This will be an indicator of the beginning of the up-swing.
Another factor is the geopolitical environment: as the US talks exporting laws that extend past Canada and Mexico, the decision, which will likely be made before the presidential election, will have a huge impact on prices, as does everything in the news.
I'd look for prices to change a lot in 2016, and begin steadily rising late 2016.