Don't get too excited longs!did anybody look at the crude supply #'s last week?
7 million barrels of over supply, that's a big # folks
oil is up today only because the US dollar was down and CAN was up
tankers used to park oil until prices firmed up have been unloading
there loads and crude oil supplies are well above the 5 year average
oil has been trading between $83 and $70 right where the Arabs want it
no reason for oil to go higher even with summer driving season coming
there is just too much oil in the system
Suncor might climb here tues and wed morning because it's so undersold
but watch oil tank thursday afternoon as oil traders bail before the long weekend