Guess we have to wait til next week.

Besides oil is cooling off today with speculators calling an ease in demand for it. Im thinking the contrary as I believe demand for oil will reach a new high and take the price of oil with it.

FXPE has a chance to increase its position as an Oil company in the near future especially if venezuala and western africa remain highly volatile areas of operation.

The middle east already told us that they are not going to increase production.

Looking at all of the above it is possible oil will still cost 3 digits per barrel til 2010