iPath S&P GSCI Crude Oil Ttl Ret Idx ETN (OIL)

[NotRichYet2]

Oil prices seem to be on a steady rise now after the 50% collapse. Some see the price per barrel going back to $80 by August as drillers shut down. Could be oil prices went down too far and are now rebounding to a more acceptable level for producers yet still cheaper for consumers than that over $100/barrel price. Do you see a reversal in that trend ? TIA