Oil managed to get a small boost from the new little war in the middle east and now a bit more from the Ukraine situation.
I doubt the UKE situation will develop any further and will play out and it will be a non upward catalyst very soon. Then oil will resume its downward trend and test lows.
I expect economic conditions to worsen in 09......I am patient on picking a bottom in oil....I think it has further to fall.....I will wait for now.
