It's because of all the lube you use on your friends, sheep, turtles, oink, oink's, racoons, and what ever else find laying around.
With the prospects of the the "fiscal cliff" (US can't balance a budget) that would weaken the US dollar and oil is sold in US$ denominations. Which means oil would go up...
why is BAC up so much
need banks and XLF to collapse for a good meltdown....not hapnin so far
I was wondering the same thing? Any good numbers or "green shoots" does cause oil to move upward. Housing was the only green shoots I saw. It has to be temporary I would think?
I bought DTO today. Great short term trade.