[Follow The Trend]

While many people feel that the oil price may have peaked, I for one do not agree. There are a number of factors to consider :-

There are still major issues in the middle east

We are entering the winter period when oil use is at its highest (especially in America)

Since 9/11 we have seen a major increase in East / West tensions, and it seems to be getting worse. Not a recipe for a falling oil price.