Barring any serious supply disruption, there is plenty of oil and prices could drop if the weather stays warm. But we have tremendous speculation in the markets driving prices, so there is no way to guarantee they will continue to fall.
Volatility will continue and we are going to see higher highs and lower lows.
Speculators have no reason to scare people with shortages. And you can see this because futures are dropping and prices will continue to drop,
As long as oil prices remain high, oil stocks will continue to outperform the market in general.
They were hitting on all cylinders. ... It's good news for Exxon shareholders and likely to continue in '06.