Monday, 4 October 2010

Jump - Van Halen (1984)

So oil jumps back past $80 a barrel last Friday to $81.58 on November futures making it the first time since early August. It looks like a turbulent F/X market with central banks seeming to devalue their currencies left and right is having an impact.

How will it fair as we progress into the month? Some experts figure that if the U.S. Federal Government expands its stimulus plan in the beginning of 2011, then oil prices could rise as much as 6% to around $83 a barrel.

What do you think? Also, where might the price end up when 2010 is said and done? We are looking to award the closest guestimate with a prize. See our future monthly e-newsletters and this space for further details.

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