Oh this is the right time to buy oil , because oil is bound to go up for sometime with the US cutting supply of the stock piles creating demand and lowering production and hence rise in price. It is also speculated that the OPEC would be cutting 1 million barrells of supply which will I think will create even more problem and the oil price will rise further from $59.20 a barrel to somewhere around $59.50 today ,so then you can sell it at this point when your making profits, if anyone thinks otherwise would be eager to know why !!!!!
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