They have climbed so high over the last few months. I am not sure if OPEC will let them go much further over $80 per barrel. Im not sure whether to buy PBR or just invest in a different type of stock.
The fundamentals dont support the current price of oil with the weak demand. OPEC does not control the price. If they did the would not have "let it" go to $33. They control supply. They,nor any other entity can control demand. And OPEC always has and always will lie about their quotas.