It is my take oils will continue to side-wind, or even suffer another downturn this year....so the ones that have risen the most may well have to re-engage at the bottom of the roller coaster. The global economy is barely sputtering along suppressing demand growth, industry investment (that is the catalyst for demand growth) is going to take a breather to see if DJT self-destructs (or at least provides no comprehensible direction), and oil production is climbing in some locations at $50/BBL. The USA alone is up 500 thousand barrels per day from its 8.4 million barrel per day lows. The ME will only cut back so far before they will be furiously p*ssed at leaving too much market share to others, etc. It is a tough time to be calling entry into oil especially.