I looked at this about 3 weeks ago as a long term thing, when it was trading around $39 a barrel, now at around $46 (would've made a nice return already).

Is this still a good market to get into in the hope it will continue to rise steadily?

Does anyone here trade Oil on a regular basis?

I know supply has been cut by the biggest amount in a long time, although that probably has already had its impact on price action.

Oil has been fluctuating a lot, but the trend has definitely been downwards!

I think oil prices will go up in future..

Oil prices are very volatile. They can fluctuate very significantly. Opec own the largest percentage of oil reserves and they can single handedly control the price of oil in terms of output.

fasar khan