Rigs went up again? and consumption was weaker than expected - hardly bullish for oil even if there were better job numbers - it seems the old model of oil consumption increasing at a given % to economic growth is not keeping track of energy savings even if the yanks are buying SUV's they buying more fuel efficient "Toorak tractors" just like here.. watch this space in regard oil - I missed the rise by 2 months last year and I thought this rally would end by Q2 and a ceiling of $50-$53 so I may be a month or so out but even if the POO gets back to $50-$53 it will just hit huge resistance without a major black swan... I could see $42 being touched in the next couple of weeks if there is no black swan - we'll see I guess
AIZ Price at posting:
$2.08 Sentiment: Buy Disclosure: Held
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