RE:Yes but…. But we should see huge upside with time. When some analysts were BS'ing oil made new highs in the last 30 days. So, the truth will come out despite all FED BS as well... it is just a matter of time.
if oil go down over $1 today, it will make up all losses tomorrow with a rise of $2 or more. The reality is that the inventories are draining... and the EIA estimates are total BS. How can we say they even estimate it if they differ from actual by few millions of barrels? It is all a joke.
oil to get above $85 in a week time... marching then to $100.