Oil is already over $138/barrel, and still rising today, having erased all the lower prices from oil's swoon yesterday. This is beginning to show some signs of a consolidation pattern. However, oil is consolidating at a price that is far to high! At this price, it could kill economic growth. It is certainly killing the stock futures this morning!Tuesday, June 10, 2008
Oil On the Rise Again
Oil is already over $138/barrel, and still rising today, having erased all the lower prices from oil's swoon yesterday. This is beginning to show some signs of a consolidation pattern. However, oil is consolidating at a price that is far to high! At this price, it could kill economic growth. It is certainly killing the stock futures this morning!
Labels:
crude oil,
stock indexes