We'll see I guess - rig numbers tonight which if they rise could see the POO hit $45 or even lower as the "longs" keep unwinding - OPEC production numbers keep lifting even with the North American scene slowing some. I have as you know thought for quite some time now that $50-53 was the ceiling - I think the longs are beginning to realise the same thing - would not be surprised to see it go back into the mid to low 30's after the driving season is done - I thought 20's was over sold but 50's is overbought... good for airlines and just about everyone except oil companies if the POO heads lower some more..
AIZ Price at posting:
$2.08 Sentiment: Buy Disclosure: Held
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