I can bet that we'll see $75 oil in next 2 months, I've seen this happen before. And, prices will stabilize. Yet, look at the craziness that our management is pushing us though.
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Well, it does not work that way. If you can predict how price will behave you would not be on this site. Nobody knows how prices will behave, by the time oil inventories data is published the price is already settled where it needs to be. All what I am saying is that we do not know what's going to happen, is it going to bounce, will it go even lower, it's a guess.
US needs to see a reversal in the weekly oil inventories for a sustainable price rise to occur. at least 2, maybe 3 months out.
Maybe 2016
Dream On!!!!!
Nuts