oil set to surge, page-6

crazy the selling action today, and now the close back to mid highs,,,,

had to be traders,,,forced out, who would sell willingly with oil futures up, and roc so leveraged to it?

maybe what we see as value for roc, the market is waking to.

I think, that the head line loss (when you slap the writedowns over the underlying healthy profit) could have had a fog effect on some.

Cheap oil? Are we kidding our selves? Its a finite resource, and there arent sufficient new discoveries to keep pace with long term trend demand IMO.

What is sentiment led sellers thinking? That the US slow dow will drop their demand? For how long, and thats WTI, not brent anyways, which roc is exposed.

That video link, has some healthy reminders of the big pricture.

cheers