If you have a shorter term time horizon maybe now is not the best time to buy oil, but for the long term holder of oil this is a good time. Prices will go up and dividends will increase. If you are a trader wait a little until news of the deal goes south and the producers will cheat, then the oil shares will drop.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.