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S&P 500
5,070.55
(
1.20%
)
US TECH 100
17,046.80
(
1.75%
)
Dow Jones
38,503.69
(
0.69%
)
Brent Oil
87.56
(
1.33%
)
Bitcoin
66,206.70
(
-0.97%
)
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oilin07

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oilin07

Re: JC4033 post# 231

Saturday, 01/31/2015 10:23:10 PM

Saturday, January 31, 2015 10:23:10 PM

Post# of 801
I agree it could linger down here a few more months but im expecting a "v" recovery. Many rigs already offline many cutbacks already happening. Demand will catch up. Textbook oil cycle. The only thing that could stop oil from recovering would be a global economic crisis / recession (which is possible ).. where oil demand actually goes down. Right now 2015 oil demand is supposed to go up a million barrels. Ive been accumulating. Im no good at puts and calls.
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