After the big Oil jump comes the recovery. The Crude Oil backed over $11 from the record high of $99 for barrel. The tendency for recovery of the Oil continues if the dollar will continue with the recovery. The Crude Oil was traded at $87 today a record low level since the end of October 2007. The stability of the U.S. economy and the dollar recovery will stop the raising oil and the prices for over $100 a barrel delay with few weeks. After this recovery for the psychological level of $100 will start to talk probably in the beginning of 2008. In World-Signals.com we predict stop of the oil recovery in the coming days and levels above $92 for barrel.
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