But it's making another big move, so we have to pay attention.
Political risk both domestically and abroad is a contributing factor.
Rising demand and falling demand are cutting the price of oil and oil-based products.
This oil play's prospects are much more tantalizing than other 'plain' E&Ps.
Record number of net speculative longs, high inventories and weak demand mean oil is over-priced.
Oil is neutral in the charts, and the U.S. dollar chart looks bearish.
Oil's relative strength index provides only a neutral signal, and the U.S. dollar chart looks bearish.
This is good news for infrastructure projects.
More production will mean lower oil prices.
Base metals are giving back some of their early week gains, as oil prices rise to nearly $54.


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