The Oil Drum: Updating Oil Price Graphs

Seems like an interesting time to update some oil price graphs again.

Last time I got around to covering it, on January 20th, it meant we were within a week and and a couple of bucks of topping out, before going into a $10 decline for a month. After that bottom, we started up into the rally that’s been going on until now. My guess is it’s starting to get ripe for for a correction again unless we really do bomb Iran.

I had predicted at the beginning of the year that prices in 2006 would be $65
Much more after the jump to The Oil Drum.