What's Behind the Crude Oil Spike to $112 and Why There's More to Come
Kent Moors, Ph.D. writes:
Crude oil prices rose for the third straight day yesterday (Thursday) – with more of the same to come.
West Texas Intermediate (WTI) crude for June delivery rose to $111.50 a barrel on the New York Mercantile Exchange, and traded as high as $112.48, the highest intraday price since April 11. Crude prices are up by a full third so far this year.
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