No worries. You're not alone in wondering wtf is going on. It's combination of things, but I would say be prepared for a reversal soon. Don't jump the gun on going short until you get confirmation. Middle east tensions are putting a risk premium on oil along with a tightening market in the US. The supply outage from the spill and subsequent shut down of the Keystone XL pipeline is allowing further hedging by the look of things. Be prepared to see $60 to $62 and choppiness. The US has increased oil rigs by 18 in the past 3 weeks, so they are producing more oil and plan to continue. Saudi Arabia is cheating by refining oil and exporting products. Unless war breaks out I think we can expect the price to fall in short order. Take care.