RE:RE:Proceed with caution!d_trump wrote: its true we have seen a $5 increase this week. But we have also seen a $6 decrease this year and nothing has changed from the end of last year to now. So we saw an $11 plunge on fears of a global recession and a $5 bounce back. I mentioned the global recession not because I believe it, but because its true that the fear of it has exaserbated the fall in crude prices. As fears of this global melt down subside, we get bounce #1. When supply starts falling we get bounce #2.
Nothing has changed from last year to now? Tens of millions of crude oil has been added to world inventories. That's definitely something.