Price of Crude Up Nearly Three Percent Today

CNBC "Fast Money" (November 24, 2010)

Strength of dollar and price of oil diverged today (November 24, 2010).  Despite dollar strengthening today (with Irish question), price of crude oil rose three percent. "Fast Money" talking head feels price of crude oil is now more closely related to supply and demand, based on what he is seeing in China (and something I have reported earlier on this blog).

Counter-views: another talking head, whose specialty is commodities, specifically crude oil. Disagrees. Says China wants commodities to come down in price, and he feels China will get its way.

So, we'll see.

With regard to rise in price of crude oil, click here.