Monday, April 2, 2012

Oil Up $2.10/Bbl --

Hmmm.

And Brent up 2%.

I believe on Friday a chart reader/technician noted that the price of oil, breaking through 102.99 had broken a "floor" and predicted further slide today. So, I suppose this is a "dead cat bounce." 

Remember, if they can reverse the Seaway as scheduled, we should see some positive news for Bakken prices. In fact, now that I ramble, one wonders if this provides an opportunity for investors.

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