Oil rebounds to near $107 in Europe as Kuwait halts crude exports due to sandstorms
What did I tell you, whether it be a sandstorm or regime change there will always be something as long as we are dependant on outside sources for oil. This tells you something when you think about it. If one sandstorm can cause oil in selloff mode to stop and rebound. Can you imagine what happens this summer when hurricane "whatever" is forming in the gulf or the Saudi govt. eperiences rebellion, or China's demand for oil grows right along with their projected 9+ percent annual growth.. Get the picture. These .003's are a steal IMHO.
You can bet GS on the "pullback" call was buying back in. LOL
So then when they project "higher" oil prices they are locked and loaded... LOL
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