Keep in mindWe are almost half way through the 4 months of cuts from OPEC.. there is a delay in effects from it because the oil is shipped in tankers, but non the less OPEC will be meeting in May to decide on keeping the cuts or not......... They targeted May as the date this conincides with the saudis needing to pump more oil as they use it for operating their cooling systems over there. Its going to be 40 degrees C in their part of the world soon, so likely they are going to want to pump more oil for their own needs..... If they leave the cuts as is then they will be shorting their shipments as they need it for themselves, this is very bullish for oil... but I think they decide the markets are balancing themselves and eliminate the cuts and this will be negative.