Naufal Sanaullah

3 Reports That Should Indicate Continued Firming of Oil Prices

Oil isn't a good play until the Fed has printed enough money to fill in all the deleveraging/deflationary holes in the economy. Only when rates once again rise (as the Treasury bubble deflates) will inflation really become a real issue again and will oil be a worthy candidate for big gains.

Crude is headed for February lows in the next several weeks. GDP in the US contracted 6.1% Q1 2009. That is horrendous. And with the swine flu outbreak, you can bet transportation will be halted to a bare minimum. Supply/demand.