whats happening right now with crude oil is , people are buying thinking that
1- Price is too low, (as they have not seen this price in last 3-4 years)
2- some advance traders thinking that , other people will short cover tomorrow , which will take price high
But whats happening for real is, OPEC is the one ,because of whom price went down. And ofcourse they are not going to decrease production after investing so much in their Killing-Market-Strategy .