.One key factor in establishing NAV is the gas price. It looks like it is going to continue to rise to me. It seems a bad American winter will help push this further. I am not so sure about oil prices. On sunday, the heads of six states said "oil ministers will work for a reduction in production levels " at the OPEC ministerial meeting in Vienna on 17 th Jan. If a reduction of 1.5-2 m barrels a day is saught, oil price should be about $25 US.