Very good articles , apparently clears up some of the uncertainty about the future outlook for oil prices .

From what i gather we can expect oversupply to fall in the course of 2nd Q putting upward pressure on prices going forward , that is if economy remains stable or positive in terms of world growth considering all other factors remaining pretty much the same.

But Q 3 or 4 or Q1 of 2010 might see US $ under pressure ,thus affecting oil prices up .

On the other hand if emerging markets growth slows down , and considering accumulated supplies in particular in China it could alleviate some of that upward pressure on prices at that time , yet China might choose to keep those precious rerserve for later since after all they are strategic reserves .

All things considered it would make sense that oil prices start bottoming out in 3rd quarter , besides that will coincide with renewed fears about the US debt and deficit when fiscal year will be in sight in september .