$80+ Oil by FridayLast week played hard on the price of Oil pushing it to $72.50 but this week has been a great improvement even though the worry still lies on surplus Oil finding its way into the markets at a huge discount with no end in sight Iran turned the taps on full with Russia side by side this has been keeping Oil lower than where it could be but China has to improve manufacturing with the last reading flatlining and this trend has been over the last 4 readings and without improvements in manufacturing Oil might not break through $83 also I'll be watching how Oil moves through $79 hopefully the market is ready for $80+ Oil again but the show stopper could be next week starting Tue US Inflation Rate followed by every day of US data, the rest of this week has no more US data so we'll see if Oil is at $80+ Friday before next week. I can't wait to see US Inflation because I have been saying that they should have hit the Rate with another .75%
China Manufacturing Production 