$49 a barrel
From CBS Marketwatch:
"Until the fighting comes to a head or stalemates, buyers will remain firmly in control and pries might be headed to $50," said Michael Fitzpatrick, analyst at Fimat USA, in a note to clients. For the moment, the outcome is entirely in the hands of the Shiite cleric Muqtada al-Sadr, he said.So al-Sadr joins Dick Cheney in the club of hardliners determining America's energy policy. Personally, I think Cheney is way more nuts.