Oil Completes Longest Run of Weekly Gains Since 2004 – Bloomberg 02-01-13

Salient to Investors:

John Kilduff at Again Capital said the realization that the Seaway reversal is not the answer to the backlog of supply in the central US is hurting the WTI price.

Bob Yawger at Mizuho Securities USA is bullish, saying we got to a golden cross formation yesterday when the 50- and 200-day moving averages crossed, which is bullish.

Read the full article at http://www.bloomberg.com/news/2013-02-01/oil-heads-for-longest-run-of-weekly-gains-since-2004-on-economy.html

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