Is oil price due to grow?

i'm thinking about buying some stocks in oil industry... is it a good idea?





i believe it is, 'cos prices gotta grow sometimes... and oil stocks will sky-rocket in no time...


please, give a short explanation, or just give an opinionIs oil price due to grow?
For sure. You're a little late to the party though.


Uso is your pick. I was buying around 30 and sold today at 34. I am looking to get back in the near future. But we had too quick a runup. I would stay out of big oil and look to trade it based on weekly inventory reports and the by the barrel pricing marks for your adding more.


I don't believe in any way oil stocks will skyrocket, especially with Obama. I do believe though that oil is highly needed, very cheap currently, and should be at least 10% more by the barrel by summertime. The recession(depression) whatever you believe is what brought us down to these levels.Is oil price due to grow?
There is only so much oil and it is now low in price because of the world economy. When economies turn around oil will go up. Think of all the countries just starting to use oil in quantity. Maybe a year or two but it will go well above $100.00 eventually again.
yes its gonna grow
at some point yes when we get out of this economic crisis