Tuesday, 13 October 2009

Higher Ground (Stevie Wonder) - 1973

A barrel of oil is pricing near year-highs today with the US Dollar depreciating against most other major currencies. Even the rise in crude supplies might not stop investors from hedging.

Benchmark crude for November delivery jumed to $73.89 on NYMEX and even reached as high as $74.47, just short of the 2009 high of $75 reached in August.

Let's see whether the rally has any legs.

Click here for full article from The Associated Press.

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