Since mid-December, when the crude oil futures made a seasonal low, the market has steadily traded higher. A typical seasonal pattern usually sees crude oil bottoming in December or January before rallying into May 01. But what if you missed the first leg of this uptrend? Is there an upcoming opportunity that may offer a chance to buy crude oil?
In an article I wrote in December for Barchart, "Has Crude Oil Put in an Early Seasonal Lolw?" I commented, "In the United States, the summer months, beginning in May, typically see increased demand for gasoline as people take vacations and drive more. While the gasoline demand appears in May, refiners must begin purchasing crude oil in January to allow time to refine and deliver the gasoline."
