2009 oil price - note January lows 2007/2009. Start of a 'oil' bull market?

As it was pointed out in this post Oil Price moving upward. Oil is now recovery from it's lows of 33.22 on the 1st January 2009, coincidentally the corresponding low of 49.91 on a monthly graph was back in 1st January 2007. In which after the 2007 January low we reached a high 147 1st July 2008. So from the 1st Jan 2007 lows oil kept climbing and then once the global economy crashed in 2008 oil then bounced off the 33.22 low (1st Jan 2009).

From that perspective on a historic account the oil price is now moving upward. There is hesitant talk of global recovery, which I still feel is unlikely in the near term, so on the back of global demand building the oil price is recovering from it's low base. So I am buying oil and oil stocks, as oil was very oversold and has now bounced off it's Jan 2009 low.

Please refer to graph, Note the two lows in a period of 25mths, as mentioned the coincidence is that both lows started on 1st Jan in a 2 years and 1mth difference. Are we in for a bull run on oil? A distinct possibility.

*morbius glass does not give investment advice. Trade at your own risk