Oil Over $130…
May 21, 2008 | Posted by Jorge How much longer can the markets continue to hold out with oil running as if it was being chased by a maniac? Oil topped $130 this morning to $130.41 before pulling back a few cents. My theory is something has to break. It’s either going to be the price of crude or it’s going to be the markets. While I’m not a permabull or permabear in any sense, my bet would be on the markets cracking sooner than crude. We will never see gas under $3 / gallon again if you ask me. Sigh…
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