Oil has been on a rise over the past two months. Oil prices have risen over $60 per barrel after reaching a low of $35 earlier this year, I think that we could easily see oil at $80 per barrel by the end of the year. Decreasing supply inventories along with a slowly recovering economy should lead to a rebound.
Metal stocks are probably due for a pullback. US Steel, Alcoa, Freeport McMoran have seen a drastic rise in prices despite the lack of an increase in global demand.
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