Most economists expect non-oil manufactured exports to pick up more dramatically.

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Additionally, URS has exposure (albeit smaller than its more cyclical peers) to oil, gas, and power end markets, which are beginning to pick up with higher oil prices.

FORBES

Sooner or later, the economy will pick up steam and oil prices will most likely rebound, perhaps even to higher levels than we saw earlier this year.

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And when the backlog in the steel industry occurred last year, Reilley had other deals in the works with oil and natural gas exploration companies that helped pick up the slack.

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The US construction market should start to pick up at least a little in 2011, and construction in Saudi Arabia and other oil exporters may well rise with increasing oil export revenue.

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The bank is watching U.S. oil demand trends closely for direction to gauge whether the U.S. employment outlook and car sales will pick up during next year.

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