Here’s a snippet from CNBC:
LONDON, Oct. 10 — World oil prices surged Friday, gaining nearly a dollar per barrel and touching nine-week highs amid dealer worries over thin petroleum stockpiles ahead of winter.
Oil futures appear to be a wonderful investment now, as they were a few years ago, before the price of oil began gauging upward.
While stocks are on the rise, people are buying more and more on margin, which I think is pretty frightening. I think oil and other tangible investment will remain strong now and throughout the recovery, but high oil prices will not likely help the recovery to continue. We will see.