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

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