Title pretty much sums up my outlook for the rest of this year. Saudi Arabia is getting greedy again, and says it is comfortable with oil over $80.  How soon they forget. Traders salivating.  The higher the oil prices go, the worse the inevitable backlash and crash. I still tend to think the global economy cannot support oil over $80 in the long term. Kudos to Irina Slav for her comments in her article: Traders Turn Bullish Ahead Of Iran Sanctions Bloomberg recently