Where to Make Your Move on Oil

Oil's well that ends well? I'm heading to an energy conference in Texas this week, and it is striking to reflect on the change in attitudes in just one year. A year ago today, the front-month West Texas Intermediate crude future closed at $33.75 per barrel. Today the front-month contract trades at $53.35, off slightly on the day, and in a narrow range for the past month. 

Please don't make the mistake of focusing myopically on the day-to-day movements; oil prices are up 60% since this time last year. That price delta saved an industry. That's not an overstatement, and I am sure my friends who run E&P companies and I will hoist a few glasses of brown liquor this week in Dallas in celebration. ...567 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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