Why is Oil going higher

Barchart.com has some neat charts and one of the most instructive is their Commitment of Traders chart. For example, looking at the Oil COT, we can see that over the past months, there has been a rush of managed money into the oil market fueling that rise in prices. Even retail investors are getting into the act as producers and swap dealers start getting out!

This bears watching as prices should start dropping as soon as managed money starts leaving!