before this goes much higher. China news was good but not enough. I think we stay at these prices or a little lower untill demand for oil picks up. Buy on the dips and wait for increase in demand. Its coming, only a question of when. I would expect 60 by or near Labor day.
I'm not expecting demand to be drastic this year. My state just hit 10% unemployment. Everything tied to oil is about dollar dropping and inflation from government spending. I agree some big time demand would would goose up this fund but the promise of hiring is not a substitute for actual hiring.