Oil rallyWont last. The 3% gain we saw was speculation based on a possible production freeze. The countries that are pushing for this are venezuela, ecuador and kuwait. Ive seen this in the past 12 months how they try to convince us its happening. If there is no word from saudi arabia then this is only hopes and dreams. Saudi wouldnt freeze production when oil was at 37 in april. If we get negative fundamentals again this week and maintain a strong dollar, i can see oil dipping back to sub 40 in the next two weeks