Prices are up to start the new month as there has been increased buying in crude oil. From this linked article:
Crude oil prices rose on Monday as investors shrugged off a U.S. refinery strike and focused on a falling U.S. rig count that signaled lower production down the line. “There were a lot of people on the sidelines waiting for an opportunity to buy,” said Bjarne Schieldrop, chief commodity analyst at SEB. “Brent has struggled sideways for a long time but it closed above the 20-day moving average on Friday for the first time since July, and the rig count is falling sharply. So now they think, maybe this is the time to buy.”
We’ll see if this is a long-lived rally. I suspect it won’t be but I agree with the overall tenor; I believe crude prices are going to move up in 2015 as falling American rig counts impact supply.