christopher6

I have recently invested in etfs crude oil. Although the economic output looks grim still and demand is unlikely to pick up in the near future, supply is likely to be cut. OPEC have already slashed their output and the 12-member cartel plans to meet on March 15 and may cut supplies further. It is also worth considering that reduced supply does not filter through to the pricing for a few months. I believe the price will not drop much further and with cuts also likely from non OPEC countries, the oil price will recover. OPEC have stated that they want the price of a barrel of oil to be around $70. I see the price of oil reaching this figure by the end of the year. Regarding the condition of AIG, the US government will not let it go to the wall, it is too big for that. By May, UBS investments should have purchased the indexes from AIG anyway. BUY: efts crud @ 18.50!