The EIA expects the US and world wide consumption of Crude to rise in 2011 and 2012.
See link here
However I am trading the market and these projections is good knowledge to have, but the price action is always king.
Looking at the chart we see that it is trading within a 94.65 to 99.87 last week.
These are the trigger levels for the next move. The August contract expires today.
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