Just remember the long-term destination of oil prices has nothing to do with what happens in the next few days, weeks or months. Look at charts of commodity prices in the 1970s. You had 20-30% corrections, even a 50% correction in gold. But, sure enough, a few years later gold was around $800, silver $50 and so on. The medium-temr bearish outlook that prevailed many times during the runup, ultimately had no impect on the long-term pattern of prices.