We have had a good run to 80 here ! I think the market will pull back some especially of those fuel inventories have a large build AGAIN ! I don't feel there will be a draw of any significance, but this is based on weeks of drawdowns and just the feeling that there was some numbers being played with for tax avoidance with the powers to be.
I think if we see a large fuel build we will see a 2 dollars come off. However if we get another decent draw down and fuel isn't to crazy , we actually have a real catalyst for higher oil.
We are having draw downs lately when the cupboards are supposed be getting filled back up.
Anyway it's been a run to 80 and maybe we are do for a pull back on any negative news.
Some of you have dry powder. You might get a little buying opportunity.
C