The current price of Oil This is what I am talking about. WTI is $93.94 right now and why? Because Chinese data suggests and a storm in Mexico is closing infrastructure.
https://www.marketwatch.com/story/oil-moves-back-up-after-china-data-2012-08-09?link=MW_home_latest_news
All week Oil has been rising on these speculative hopes. Which can be dangerous as speculators make money pushing things up, then like a light switch they change to shorts and push it right back down, making money on the down. They drag retail and inexperienced investors with them, loosing on both ends.
Long term, RPL will make people money. But be careful because current Oil prices will crash if demand doesn't start to fill the speculative gap. If China says "no" to the speculators about more stimulus measures and once mother nature stops tormenting infrastructure in the south, we can loose $10 on WTI.
Also, don't forget Canadian Oil gets less than WTI, and with pipeline issues, Canadian oil can get EVEN LESS than WTI as our supplies rise.......
I love gambling :)