Where is oil going?

WTiC and OIH, weekly, January 1st 2010 to March 7th 2012

Since February 12th, oil ($WTIC, West Texas Intermediate) has traded solidly above $100 a barrel. Analysts disagree on the so-called “Iran premium”, so how to make money on this?

As usual, rather than individual shares I’d rather focus on exchange traded funds [...]