New High in Crude
2:51 PMContract highs in Crude around the world will hamper economic growth if the contract hits over 60 Dollars per barrel. This will happen especially if the Dollar Continues its slide, hurting US consumers more then international consumers of crude. Breaching and holding over $55.00/Barrel constitutes a technical breakout with price target of 60 next. Convergence of many bad economic mini storms may swell into a giant economic problem for the current administration and policy makers around the world.
Posted by OscarNOW
on 2:51 PM.
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