USO reboundThe price has rebounded a bit. I believe this is 100% because the price of oil has gone up.
as the price of oil goes up, the chances of securing a loan also go up because the perceived risk for this company lessens as the price of oil rises.
I think the key question to ask yourself is will the spike in the price of oil last?
at the end of the day the price has gone up based on the expectations of production, but that initial expectation may be higher or lower than what we actually get, so the price of oil may go up more or may settle in where it is at.
It is also possible the price may go down long term, but I think that only will happen if OPEC doesnt actually reduce production as stated.