Oil surges 8 percent as U.S. rig count plunges, shorts scramble
http://www.reuters.com/article/2015/01/30/us-markets-oil-idUSKBN0L305Q20150130
5yr Oil chart
http://online.wsj.com/mdc/public/page/mdc_commodities.html
according to that Chart Oil price may or may not go down a bit more more but over the year the only way is up.