I don't know if this has been posted here, but this is definitely worth a read: http://oil-price.net/

It gives pretty nice explanations for oil prices and if you read, you can get an idea about what is going to happen. If every country including now Iran continues to produce oil at the current rate, or perhaps increase to make up for smaller profit margin, I am expecting a very slow "recovery" of the prices.

I find it funny, that people wanted to push fracking out of the market by bringing the oil prices down. Now that the technology has been developed, its profitable at much lower margins and the tables have turned.