Why Sir Warren Buffett is Investing millions on oil Companies ? (not a coincidence)
well, this migh answer your question
Notice the Reversión Pattern (Green circle) on Monthly Candles, what gives an Stronger signal.
Arabia Saudi, an Oil based economies are loosing a lot of money because of Low/mínimum prices.
for how long, or how much can they afford a US$ 30 - 40/barrel oil ? Just a matter of time...
Forescast By Bloomberg and Goldman Sachs also predict this new OIL ROUND
And I believe this analysis is pretty accurate..