now is the time to buy oil and rbob. its that dip. if it goes like last week, we'll end at 2.18 today.
How did you fare? Decent pop right after the release, but actually a fairly tame day all things considered... The fact that RBOB only finished up 350 points from yesterday's settle and couldn't break 21700 is welcome news from a consumer's perspective (actually only up 280 now as I type), but I am a bit surprised by the fact that it didn't finish stronger given the magnitude of the drawdown in gasoline stocks this early in the year. Hopefully this is more a reflection of the switch from winter to summer grade and we will see a steady stream of builds in the weeks to come...we need them, and if we don't get them get ready for a summer of eye popping pump prices.