RE:RE:RE:RE:Suncor speaking live now on Reuters stwatcher wrote: short possible but I think oil will continue downwards as the possiblity of Venezuelan oil is hitting and possible saudi . Its a risk on which way this could go . I've covered both sides with in the money calls and out of money puts
It is likely that oil will drop farther especially if there seems to be some resolution to the Ukraine situation, which is currently being digested in the market.
Personally I am happy that oil has regressed a bit. I hope it gets back closer to $100 by the end of month.
Don't think stocks will drop much and staying long on mine.
Excellent interview yesterday and thanks for posting the link.