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.
Cheers.Powered by Sidelines