Oil prices are heading higher on the chart with the cash West Texas
Intermediate (WTI) crude rallying back toward the $100.00 level after
threatening to test $90.00.
Steady economic signs in the United States, China, and Japan -- the
three largest economies in the world -- along with some muted growth in
the eurozone and Europe are adding some spark to the oil futures.... But
hold on; doesn’t the buying seem somewhat premature? I’d say so, as I
believe oil prices may have limited upside unless something dramatic
surfaces in the Middle East that impacts OPEC oil.
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