Archive for August, 2009
Next Entries »Oil rises above $71 from the $62 area just days ago!
Monday, August 3rd, 2009Last week we had a huge gain in oil inventories. Now, in theory, that should have held oil lower. However, in reality, the reverse happened. This tells me that traders are looking to the improvement in GDP numbers lately (particularly that of the U.S.) and how it will effect the demand that’s placed on oil [...]
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