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Mon 26 Oct, 2009 09:03 am
I would laugh right in face of all those unbelievers who tried to reason that oil price would never go beyond $50 pb. It was just on last Friday that oil already hit the level of $80 pb and there is ample evidence that oil may hit $150 pb in just a year! No matter that on Monday oil price went below $80 pb. I tell ya all it is just for time. As always, oil price may go down slightly and then would hit new level. By the way, I heard experts’ opinion just for this case. The say that oil price will keep growing so it really may hit $150. So the current level of $80 does not seem to be too much. So generally speaking, the suggestion to make oil stock piles so long as oil is cheap proves to be very useful. It also makes sense now granted that oil is going to
@Sammy50,
I'm going to guess that you have some oil futures, and you're hoping the price will go up.