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World's Top Traders Say the Worst Is Over for Oil

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Top executives at the world’s largest oil-trading houses said the worst of the market’s woes are probably over, with some predicting prices will climb to $50 a barrel by next year.

“The down market is behind us,” Torbjorn Tornqvist, chief executive officer of Gunvor Group Ltd., said on Tuesday at the FT Global Commodities Summit in Lausanne. “It is the beginning of the end of that for sure.”

http://www.bloomberg.com/news/articles/2016-04-12/world-s-top-traders-call-oil-market-bottom-with-50-on-horizon

Yup, and internet stocks had nowhere to go but up back in 1999, and US housing prices looked rock solid back in 2006.

would be a nice feeling to have some job security back. Hope it goes up

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