Hardmano, I think the rise has more to do with oil price near a bottom as you mentioned. Cold weather is forecast next week in the US and pipelines are again being blown up in Iraq. Most of the oil stocks in my watch list are up. Here is a chart I use:
http://www.futuresource.com/charts/charts.jsp?s=CL1%21&o=&a=V%3A60&z=610x300&d=medium&b=bar&st=
