Oil at $78+ isn't badHeck of a lot better than $73 and here we are after a horrible US Data week and yesterday down $0.60 and today down $0.30 plus we have proven time after time that $77.50 is supported so very limited downside from here, next week as we get closer to March and Putin cuts Oil should trend higher plus next week not much for Oil as far as US Data goes, with Wed FOMC Minutes then Fri Personal Income / Spending, Core PCE so Oil will be focused on Russia so if this week wasn't much next week looks better with all this week in the rearview mirror, this market will turn bullish from here. $78.50 Oil is great considering what could have happened to Oil this week and that shows that the bulls are still in control firming up Oil prices. If you want great returns, you have to dive in at the market's worst times, and so few do it except Warren Buffett, the bottom feeder of all times, making him what he is. I remember the last Financial crash he was the first to put his money on the line buying up what he could for pennies on the dollar even buying the railway because he said this is one thing that can't be outsourced and the railway is the backbone of the US. He has also invested heavily in Oil to make a killing when it's $90+.
Warren Buffett Just Bought This Oil Stock -- Is It Right for You? | The Motley Fool