Charles Petredis

Can Oil Go Even Higher?

Oil can go as high as as the dollar far, and thats before fundamentals even kick in, so the answer to your question is as high as the Federal Reserve lets it.

Can Oil Go Even Higher?

Crude can continue to rise as long as the government is purposely hammering the dollar. Each and every bailout that puts more potential public dollars on the line is a chance for oil to rally much higher.

If you think oil is going down from here (which it sounds like you do from your article) I would look into XOM as they will more than likely fall the least in a down energy market.