OUTLOOK FOR OIL – DECIDEDLY NEUTRAL

Well, here’s my final tally…

Which Comes First for Crude? $40 or $50?

$50 – 52%

$40 – 48%

Seems the crowd is torn on the next 10% move from here. I was simply trying to gauge the level of optimism/pessimism here, but am very surprised to get such a neutral response.

If we’ve really found neutral ground, it likely means we’ve found a price that we’ll pin or trade around for the next few weeks. We’ll see how that goes.

Thanks for your participation.