I read an interesting article in Business Week today, which reported quotes from some of the Swiss-based Oil Traders. These companies are major players and one of them, Vitol, moved more than 100 million tons of crude oil last year.
Anyway, the consensus was that the short term price variability for crude oil will be between $65 and $90 a barrel. So they still expect volatility but no horrendous spikes are predicted.
If you have sufficient heating oil in your tank then we recommend you hang on for the summer and see if the price drops.
