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Oil Speculation Sends Oil Higher – Brent over $120

Brent North Sea Crude is trading well above $120 a barrel on news that the China market is overheating again – but that there is no longer a worry of a double-dip recession (especially in China). West Texas Intermediate is not tracking as high as Brent – although the price is still elevated in trading today. Oil is still one of the bigger stories of the year – and will continue to be an issue moving forward if fall economic activity appears to be tracking in its current, positive direction. [This content is for MEMBERS ONLY. Please click Subscribe in the upper right corner to continue.]

One Response to Oil Speculation Sends Oil Higher – Brent over $120

  1. john

    July 22, 2011 at 6:37 am

    Brent Oil is one of the major classifications of Crude Oil. It is also known as Brent Crude or London Brent. It’s extracted from the North Sea and it’s used to price 2/3 of the world’s Crude. It is a very volatile product and should appeal to many traders on our platform.

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