In the most apropos words from Yoggi Berra, “DeJa Vu All Over Again,” we observe oil trading in the $40s per barrel in January 2015 as if it were January 2009.
Which may lead us to say that oil will bottom soon and start to climb back towards $80 just as it did by October 2009.
Yes, and Yoggi Berra also quipped, “Its tough to make predictions, especially about the future.”