Patience - Nothing Goes Straight Upor straight down. The Pro traders are in control. They move the prices to shake out the amateurs (us). Ask yourself, was there any reason why oil went up that much yesterday and cause HOD to trade around $25.00? If your answer is no. Then you now realized the power of the pro traders in moving markets.
Nothing in the immediate horizon to justify higher oil prices. POO will likely re-test its low before moving back up imho