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[littlejohn]

Wag, watching for oil price rebound Friday

to start with new June contract...

WTI may move back into the

80/bbl to 85/bbl range,

and Brent into the 85/bbl to

90/bbl range by mid May...

Gas prices at pumps already reflect

that pricing after recent oil price

rise and then fall this week with

the expiring May WTI contract...

Might still see the gas pump prices

moved up a little more for the busy

travel for Mother's Day weekend...

Oil companies still have to get thru

month end expiration for options

on Friday,

so should act like good little soldiers

and stay mute with any renewed

strength in oil price on Friday...


So we watch...LJ