Fantale,Percieved worth is down. Oil is down. Market is down....

Fantale,

Percieved worth is down. Oil is down. Market is down. Global crisis make people act funny.

If you aren't in for the long term, then I'd sell, as it will get worse as oil goes weak.

OIL sector will face challenges with under-consumption leading to a demand crisis, with too little demand and thus too much in inventories.

Then, as the market does, things will happen:
Oil price dips, Petrol pump price dips, people buy more fuel and fill their individual supplies (44-gallon drums) preparing for the worst.

Inventories start to empty as demand increases from lower price fuel. Airlines make a killing so start flying more.

Oil demand picks up more. Oil price rises.

How long and how low will oil get? nobody knows. But this cycle has been going on every 5-10 years since the 1960's.

Sometimes its a short and small cycle, othertimes its longer and deeper (mainly due to the macro-economic conditions).

One thing is for sure, there are a hell of a lot of petrol cars, airplanes, diesel trucks, diesel generators and plastic manufacturers that need oil to run :)